Posted on August, 12, 2024 at 07:38 pm
It has been a rough year for commodity prices. Most producers are set to see a big drop in income, and that is sending ripples through the entire ag economy.
Kyle Weber with Farm Credit Mid-America says he has seen ups and downs this year. Layoffs in the equipment sector were not a surprise to him because that is the first sector he sees slump when commodity prices fall, but that is not all bad news.
Weber has seen some improvements for cattle producers, and he says while supply remains weak, the cattle market has remained strong.
Source: RFD