Daniel Munch
American Farm Bureau Federation
Key Takeaways
kAm• {23@C[ :?AFE 2?5 C68F=2E@CJ 6IA6?D6D 92G6 4=:>365 D92CA=J[ >2<:?8 :E 92C56C 7@C 5@>6DE:4 AC@5F46 8C@H6CD E@ C64@G6C 4@DED[ :?G6DE :? E96:C @A6C2E:@?D[ 2?5 <66A FA H:E9 4@?DF>6C 56>2?5] $:?46 a_`_[ &]$] 7CF:E AC@5F4E:@? 92D 564=:?65 baT 2?5 G686E23=6 AC@5F4E:@? 92D 72==6? `_T[ H9:=6 7C6D9 7CF:E 2?5 G686E23=6 :>A@CED 92G6 6249 :?4C62D65 23@FE f_T]k^Am
kAm• u@C6:8? DFAA=J DE:== 7:==D :>A@CE2?E D62D@?2= 82AD 2?5 DFAA@CED J62C\C@F?5 4@?DF>6C 56>2?5[ 3FE :>A@CED 2C6 2CC:G:?8 :? 8C62E6C G@=F>6D 5FC:?8 24E:G6 5@>6DE:4 D62D@?D[ 255:?8 =@H6C\4@DE 4@>A6E:E:@? H96? 8C@H6CD >FDE >2C<6E 9:89=J A6C:D923=6 4C@AD]k^Am
kAm• x>A@CE AC6DDFC6 6IE6?5D 24C@DD 2 C2?86 @7 7C6D9 AC@5F46 >2C<6ED] %96 A2EE6C? G2C:6D 3J 4@>>@5:EJ[ 7C@> 9:896C J62C\C@F?5 :>A@CE G@=F>6D 7@C =6EEF46 2?5 4233286 E@ D92CA6C @G6C=2A 5FC:?8 :>A@CE2?E 3=F636CCJ[ DEC2H36CCJ 2?5 E@>2E@ 92CG6DE H:?5@HD] %@86E96C[ E96D6 6I2>A=6D D9@H E92E 8C@H:?8 4@>A6E:E:@? :D ?@E 4@?7:?65 E@ 2 D:?8=6 4C@A[ C68:@? @C D62D@?]k^Am
kAm• vC@H:?8 56A6?56?46 @? 7@C6:8? AC@5F4E:@? 42? 4C62E6 7@@5 D64FC:EJ C:D<D] pD &]$] AC@5F4E:@? 564=:?6D[ >@C6 @7 E96 ?2E:@?’D 7C6D9 AC@5F46 DFAA=J 364@>6D 6IA@D65 E@ A@=:E:42= :?DE23:=:EJ[ 6IEC6>6 H62E96C[ 7@@5\D276EJ 5:DCFAE:@?D 2?5 C68F=2E@CJ 564:D:@?D 8@G6C?65 3J @E96C 4@F?EC:6D] %C256 H:== C6>2:? 6DD6?E:2=[ 3FE 2 C6D:=:6?E 7@@5 DJDE6> C6BF:C6D &]$] 72C>6CD E@ 36 23=6 E@ AC@7:E23=J 8C@H 7CF:ED 2?5 G686E23=6D 96C6 2E 9@>6]k^Am
kAmkDEC@?8muC6D9 AC@5F46 >2C<6ED CF? @? DEC:4E E:>:?8]k^DEC@?8m uCF:ED 2?5 G686E23=6D 2C6 9:89=J A6C:D923=6[ 92CG6DE H:?5@HD 2C6 @7E6? D9@CE[ 2?5 8C@H6CD 86?6C2==J 42??@E DE@C6 2 4C@A H9:=6 H2:E:?8 7@C AC:46D E@ :>AC@G6] p 76H H66<D @7 6I46DD DFAA=J 42? 56E6C>:?6 H96E96C 2 D62D@? 6?5D :? AC@7:E @C =@DD]k^Am
kAmx>A@CED 2C6 2? 6DD6?E:2= A2CE @7 E9:D DJDE6>] %96J 7:== D62D@?2= AC@5F4E:@? 82AD[ DFAA@CE J62C\C@F?5 4@?DF>6C 56>2?5[ 2?5 DEC6?8E96? :?E68C2E65 DFAA=J 492:?D] *6E E96 C2A:5 8C@HE9 @7 7@C6:8? DFAA=J[ 2?5 :ED :?4C62D:?8 @G6C=2A H:E9 24E:G6 &]$] 92CG6DE A6C:@5D[ 92D 4C62E65 =68:E:>2E6 4@?46C?D 23@FE 5@H?H2C5 AC:46 AC6DDFC6 5FC:?8 E96 ?2CC@H H:?5@HD H96? 5@>6DE:4 8C@H6CD >FDE D6== E96:C 4C@AD]k^Am
kAm%9@D6 AC6DDFC6D 2C6 A2CE:4F=2C=J 5:77:4F=E 7@C &]$] 8C@H6CD 724:?8 C:D:?8 =23@C[ C68F=2E@CJ[ :?AFE 2?5 4@>A=:2?46 4@DED E92E 2C6 @7E6? 5:77:4F=E E@ A2DD @? E@ 3FJ6CD] %96D6 4@>A6E:E:G6 492==6?86D 5@ ?@E 5:>:?:D9 E96 3C@256C G2=F6 @7 28C:4F=EFC2= EC256] #2E96C[ :E 9:89=:89ED E96 ?665 7@C 2 EC256 6?G:C@?>6?E E92E AC6D6CG6D C6=:23=6 4@?DF>6C 2446DD H9:=6 6?DFC:?8 &]$] 8C@H6CD 92G6 2 G:23=6 @AA@CEF?:EJ E@ 4@>A6E6]k^Am
kAmkDEC@?8mr@DED :?4C62D6[ AC@5F4E:@? 564C62D6Dk^DEC@?8mk^Am
kAm&]$] 7CF:E 2?5 G686E23=6 8C@H6CD 7246 2? :?4C62D:?8=J 5:77:4F=E 4@DE 6?G:C@?>6?E] |2?J 4C@AD C6BF:C6 6IE6?D:G6 92?5 =23@C[ DA64:2=:K65 6BF:A>6?E 2?5 DF3DE2?E:2= DA6?5:?8 @? 7@@5 D276EJ[ H2E6C BF2=:EJ[ A6DE >2?286>6?E 2?5 6?G:C@?>6?E2= 4@>A=:2?46] p r2= !@=J DEF5J @7 $2=:?2D '2==6J =6EEF46 @A6C2E:@?D 7@F?5 4@>A=:2?46 4@DED C@D6 7C@> S`_h A6C 24C6 :? a__e E@ >@C6 E92? S`[e__ A6C 24C6[ :?4C62D:?8 7C@> 23@FE `T E@ @G6C `aT @7 E@E2= AC@5F4E:@? 4@DED] p? ~C68@? $E2E6 &?:G6CD:EJ DEF5J D:>:=2C=J 6DE:>2E65 C68F=2E@CJ 4@>A=:2?46 4@DED @7 C@F89=J Sad_ E@ Sf__ A6C 24C6 24C@DD 7@FC 496CCJ 2?5 A62C @A6C2E:@?D[ 5C:G6? 3J w\ap C6BF:C6>6?ED[ H@C<6C D276EJ 2?5 EC2:?:?8[ A6DE:4:56 CF=6D 2?5 H@C<6C 9@FD:?8] %9@D6 5@>6DE:4 4@DE AC6DDFC6D 2C6 4@>A@F?565 3J D:8?:7:42?E 5:776C6?46D :? AC@5F4E:@? 4@DED 23C@25] p? 62C=:6C &?:G6CD:EJ @7 u=@C:52 4@>A2C:D@?[ FD:?8 a_`b\a_`c–a_`c\a_`d 52E2[ 7@F?5 =23@C 4@DED 2G6C2865 Sa]g` 7@C 6249 6:89E\A@F?5 7=2E @7 u=@C:52 DEC2H36CC:6D[ 4@>A2C65 H:E9 S`]af 7@C E96 D2>6 BF2?E:EJ 6IA@CE65 7C@> 46?EC2= |6I:4@[ C@F89=J bd 46?ED G6CDFD `e 46?ED A6C A@F?5] !6C:D923:=:EJ[ =:>:E65 AC:46 EC2?DA2C6?4J[ 2?5 E96 =24< @7 7FEFC6D >2C<6ED =62G6 8C@H6CD H:E9 76H E@@=D E@ 23D@C3 E96D6 25565 4@DED @C >2?286 DF556? AC:46 564=:?6D]k^Am
kAmqC@256C AC@5F4E:@? 6IA6?D6D 92G6 2=D@ 4=:>365 D92CA=J] q6EH66? a_a_ 2?5 a_ad[ A6DE:4:56 4@DED :?4C62D65 adT[ 7F6= C@D6 b`T[ 76CE:=:K6C 4=:>365 bfT[ 2?5 =23@C 4@DED :?4C62D65 ?62C=J d_T] $A64:2=EJ 4C@A 72C>D 2G6C2865 >@C6 E92? Scee[___ :? 42D9 6IA6?D6D :? a_ab[ FA cfT :? EH@ J62CD[ H:E9 =23@C 244@F?E:?8 7@C ?62C=J c_T @7 E@E2= 4@DED]k^Am
kAmpD E9@D6 AC6DDFC6D 92G6 4@?DEC2:?65 5@>6DE:4 AC@5F4E:@?[ :>A@CED 92G6 7:==65 2 8C@H:?8 D92C6 @7 &]$] DFAA=J] &$sp 6DE:>2E6D :>A@CED DFAA=:65 dhT @7 &]$] 7C6D9 7CF:E 2G2:=23:=:EJ 2?5 bdT @7 7C6D9 G686E23=6 2G2:=23:=:EJ :? a_ab[ FA 7C@> d_T 2?5 a_T[ C6DA64E:G6=J[ :? a__f] !FE 5:776C6?E=J[ 5@>6DE:4 D@FC46D 244@F?E65 7@C 23@FE c`T @7 7C6D9 7CF:E 2?5 edT @7 7C6D9 G686E23=6D 2G2:=23=6 E@ &]$] 4@?DF>6CD] q6EH66? a_`_ 2?5 a_ac[ 7C6D9 7CF:E 2?5 G686E23=6 :>A@CED 6249 :?4C62D65 3J C@F89=J f_T[ H9:=6 &]$] 7CF:E AC@5F4E:@? 564=:?65 baT 2?5 G686E23=6 AC@5F4E:@? 76== `_T] x>A@CED 2C6 ?@E E96 D@=6 42FD6 @7 E9@D6 564=:?6D[ 3FE E96J 2C6 :?4C62D:?8=J 7:==:?8 E96 82A 2D E96 5@>6DE:4 D64E@C DECF88=6D E@ >66E 56>2?5] %96 &]$] A@AF=2E:@? 8C6H 23@FE `_T @G6C E92E D2>6 A6C:@5[ >62?:?8 A@AF=2E:@? 8C@HE9 6IA=2:?D D@>6 @7 E96 :?4C62D6 :? @G6C2== 56>2?5[ 3FE :D 72C D>2==6C E92? E96 :?4C62D6 :? :>A@CE G@=F>6D] w:89 =23@C[ C68F=2E@CJ 4@>A=:2?46 2?5 :?AFE 4@DED >2<6 :E 92C56C 7@C &]$] 8C@H6CD E@ 6IA2?5 AC@5F4E:@?[ C64@G6C 4@DED 2?5 C6>2:? 4@>A6E:E:G6[ C6:?7@C4:?8 E96 D9:7E E@H2C5 8C62E6C C6=:2?46 @? 7@C6:8? DFAA=J]k^Am
kAmkDEC@?8m$62D@?2=:EJ – 7:== 82AD[ 6IE6?5 H:?5@HDk^DEC@?8mk^Am
kAmx>A@CE 8C@HE9 42? >62? 5:776C6?E E9:?8D 56A6?5:?8 @? H96? 2 AC@5F4E 2CC:G6D] #:D:?8 4@?DF>6C 56>2?5 7@C J62C\C@F?5 7C6D9 AC@5F46 92D 6?4@FC2865 :?G6DE>6?E :? 8C@H:?8 C68:@?D H:E9 D62D@?D E92E 4@>A=6>6?E &]$] AC@5F4E:@?] q6CCJ :>A@CED C:D6 5FC:?8 H:?E6C H96? 5@>6DE:4 DFAA=:6D 2C6 >@C6 =:>:E65[ @C2?86 :>A@CED A62< 2D &]$] AC@5F4E:@? 564=:?6D :? DF>>6C 2?5 72==[ 2?5 A:?62AA=6 :>A@CED C6>2:? C6=2E:G6=J DE625J 3642FD6 5@>6DE:4 AC@5F4E:@? :D >:?:>2=]k^Am
kAm%96D6 EC256 7=@HD 8:G6 4@?DF>6CD 2446DD E@ AC@5F4ED E92E H6C6 @?46 2G2:=23=6 @?=J D62D@?2==J 2?5 96=A C6E2:=6CD >2:?E2:? 4@?D:DE6?E DFAA=:6D E9C@F89@FE E96 J62C] !C6DDFC6 @? &]$] 8C@H6CD :?4C62D6D[ 9@H6G6C[ H96? :>A@CED 2CC:G6 62C=:6C[ C6>2:? =2E6C @C 8C@H 5FC:?8 24E:G6 5@>6DE:4 92CG6DED] u@C 9:89=J A6C:D923=6 4C@AD[ 6G6? 2 D9@CE A6C:@5 @7 25565 DFAA=J 42? 27764E AC:46D 5FC:?8 E96 ?2CC@H H:?5@H H96? 8C@H6CD >FDE D6==]k^Am
kAm%9:D 6IA2?5:?8 @G6C=2A[ D@>6E:>6D 42==65 >2C<6E H:?5@H 4C66A[ G2C:6D 4@?D:56C23=J 3J 4C@A] %96 7@==@H:?8 6I2>A=6D C2?86 7C@> :>A@CED E92E AC:>2C:=J 7:== 5@>6DE:4 DFAA=J 82AD E@ E9@D6 E92E 92G6 364@>6 2 =2C86C AC6D6?46 5FC:?8 :>A@CE2?E &]$] 92CG6DE A6C:@5D]k^Am
kAmkDEC@?8m(2E6C>6=@? 92D =@?86C D62D@?k^DEC@?8mk^Am
kAm(2E6C>6=@? @776CD 2 FD67F= DE2CE:?8 A@:?E 3642FD6 :>A@CED C6>2:? =2C86=J 4@>A=6>6?E2CJ E@ 5@>6DE:4 AC@5F4E:@?[ 3FE E96 6586D @7 E96 :>A@CE H:?5@H 92G6 6IA2?565] &]$] AC@5F4E:@? CF?D 7C@> DAC:?8 E9C@F89 62C=J 72== 2?5 EJA:42==J A62<D 2C@F?5 yF=J[ =65 3J u=@C:52[ v6@C8:2[ r2=:7@C?:2 2?5 %6I2D] x? a_ac[ 5@>6DE:4 8C@H6CD AC@5F465 `]eg >:==:@? >6EC:4 E@?D[ H9:=6 :>A@CED 244@F?E65 7@C 23@FE bdT @7 &]$] DFAA=J 2?5 96=A65 >2:?E2:? 2G2:=23:=:EJ 367@C6 2?5 27E6C E96 >2:? 5@>6DE:4 D62D@?]k^Am
kAm%92E D2:5[ 2G6C286 2??F2= :>A@CED :?4C62D65 @G6C d_T[ 7C@> dbb[___ >6EC:4 E@?D :? a_`_–a_`c E@ g_a[___ >6EC:4 E@?D :? a_a_–a_ad] vC@HE9 5FC:?8 E96 EC25:E:@?2= pAC:=–|2J :>A@CE A62< H2D 4@>A2C2E:G6=J >@56DE 2E ``T] w@H6G6C[ yF?6–yF=J :>A@CED :?4C62D65 efT[ H9:=6 ~4E@36C–s646>36C G@=F>6D ?62C=J 5@F3=65]k^Am
kAm%96 A2EE6C? DF886DED :>A@CED 4@?E:?F6 E@ D6CG6 E96:C EC25:E:@?2= C@=6 @7 7:==:?8 D62D@?2= 82AD 2?5 >66E:?8 J62C\C@F?5 56>2?5[ H9:=6 2=D@ 6IE6?5:?8 7FCE96C :?E@ E96 D9@F=56CD @7 E96 &]$] D62D@?] u@C 5@>6DE:4 8C@H6CD[ E92E >62?D 76H6C >@?E9D H:E9 =:>:E65 :>A@CE 4@>A6E:E:@?[ :?4=F5:?8 C:D:?8 G@=F>6D 2D DF>>6C AC@5F4E:@? :D DE:== >@G:?8 E9C@F89 E96 >2C<6E]k^Am
kAmkDEC@?8m{6EEF46 92D J62C\C@F?5 >2C<6Ek^DEC@?8mk^Am
kAm&?=:<6 4C@AD H:E9 2 4=62C 5@>6DE:4 @77\D62D@?[ &]$] =6EEF46 AC@5F4E:@? 4@?E:?F6D E9C@F89@FE E96 J62C 3J D9:7E:?8 36EH66? r2=:7@C?:2’D 4@2DE2= C68:@?D 2?5 E96 56D6CE 8C@H:?8 2C62D @7 r2=:7@C?:2 2?5 pC:K@?2] %9@D6 EH@ DE2E6D 244@F?E 7@C ?62C=J 2== 5@>6DE:4 @FEAFE[ 2==@H:?8 C6E2:=6CD E@ D@FC46 &]$]\8C@H? =6EEF46 :? 6G6CJ D62D@?] s@>6DE:4 AC@5F4E:@? 244@F?ED 7@C >@DE @7 E96 >2C<6E[ H:E9 &$sp 6DE:>2E:?8 &]$] 8C@H6CD DFAA=:65 gdT @7 =6EEF46 2G2:=23=6 E@ &]$] 4@?DF>6CD :? a_aa]k^Am
kAmtG6? D@[ 2G6C286 2??F2= =6EEF46 :>A@CED >@C6 E92? 5@F3=65[ C:D:?8 7C@> 23@FE `fa[___ >6EC:4 E@?D :? a_`_–a_`c E@ bgd[___ >6EC:4 E@?D :? a_a_–a_ad] x>A@CED :?4C62D65 6G6CJ >@?E9[ H:E9 E96 =2C86DE 82:?D 4@?46?EC2E65 5FC:?8 =2E6 72==[ H:?E6C 2?5 62C=J DAC:?8 H9:=6 &]$] 5@>6DE:4 AC@5F4E:@? C6>2:?65 7=2E]k^Am
People are also reading…
- The Right Data Put This Grower in the Driver’s Seat
- Philip farmer named Dakotafest Woman Farmer of the Year
- The 10 laws of agriculture
- Canola harvest begins in North Dakota
- Farm Progress Show includes new agronomy area
- Corn hybrids headed for emergency
- Eight-generation farm raises rare cattle breed
- Ag technology continues to refine inputs
- Variable rain keeps outlook mixed heading into harvest
- Consistent hard work means success
- Shared family values align with nature’s way at Champion Valley Farm
- Processing, pastures show huge mismatch
- Soybean market considering crop expectations
- Fuel costs strain farmer budgets in 2026
- Rounds legislation would seed cropland back to grass
kAm$@>6 @7 E92E 8C@HE9 96=AD 3FJ6CD >2?286 H62E96C 5:DCFAE:@?D 2?5 EC2?D:E:@?D 36EH66? &]$] 8C@H:?8 C68:@?D] qFE H:E9 ?@ ECF6 5@>6DE:4 @77\D62D@?[ C:D:?8 :>A@CED 2=D@ >62? >@C6 4@?D:DE6?E 7@C6:8? 4@>A6E:E:@? 24C@DD E96 AC@5F4E:@? 42=6?52C] u@C 8C@H6CD 2=C625J 724:?8 9:89 =23@C[ H2E6C 2?5 7@@5\D276EJ 4@>A=:2?46 4@DED[ E92E 25565 DFAA=J 42? >2<6 :E 92C56C E@ C64@G6C 6IA6?D6D 5FC:?8 A6C:@5D @7 @E96CH:D6 256BF2E6 5@>6DE:4 AC@5F4E:@?]k^Am
kAmkDEC@?8mr233286 :?4C62D6D E9C@F89@FE J62Ck^DEC@?8mk^Am
kAmr233286 :D AC@5F465 24C@DD D6G6C2= &]$] C68:@?D[ H:E9 H:?E6C 2?5 DAC:?8 DFAA=:6D 4@>:?8 =2C86=J 7C@> u=@C:52[ %6I2D 2?5 r2=:7@C?:2 2?5 =2E6C\D62D@? AC@5F4E:@? D9:7E:?8 E@ ?@CE96C? DE2E6D DF49 2D }6H *@C<[ |:49:82? 2?5 (:D4@?D:?] %92E C68:@?2= C@E2E:@? 8:G6D E96 5@>6DE:4 >2C<6E DFAA=J 24C@DD >F49 @7 E96 J62C] *6E 5@>6DE:4 AC@5F4E:@? 92D D9@H? =:EE=6 8C@HE9[ H:E9 &]$] 4233286 @FEAFE ``T =@H6C :? a_ac E92? :? a_`_] pE E96 D2>6 E:>6[ &$sp\32D65 6DE:>2E6D D9@H :>A@CED 8C6H 7C@> 23@FE cT @7 &]$] 4233286 2G2:=23:=:EJ :? a___–a__a E@ `aT :? a_`f–a_`h]k^Am
kAm%92E 8C@H:?8 :>A@CE AC6D6?46 92D 4@?E:?F65] pG6C286 2??F2= :>A@CED 92G6 ?62C=J 5@F3=65[ :?4C62D:?8 7C@> 23@FE eg[___ >6EC:4 E@?D :? a_`_–a_`c E@ `b_[___ >6EC:4 E@?D :? a_a_–a_ad] x>A@CED C@D6 6G6CJ >@?E9[ H:E9 E96 =2C86DE G@=F>6D DE:== 4@?46?EC2E65 7C@> yF=J E9C@F89 ~4E@36C]k^Am
kAm&?=:<6 4C@AD H96C6 :>A@CED 92G6 4=62C=J AFD965 :?E@ 2 ?6H D62D@?[ 4233286’D 32D:4 D62D@?2= A2EE6C? 92D C6>2:?65 D:>:=2C] %96 >@C6 ?@E23=6 492?86 :D E92E E96 6?E:C6 :>A@CE 32D6=:?6 92D >@G65 9:896C] x>A@CED ?@H AC@G:56 >@C6 DFAA=J 5FC:?8 3@E9 D@FE96C? H:?E6C AC@5F4E:@? 2?5 ?@CE96C? DF>>6C 2?5 72== 92CG6DED[ 4C62E:?8 >@C6 A6CD:DE6?E 4@>A6E:E:@? 24C@DD E96 5@>6DE:4 AC@5F4E:@? 42=6?52C C2E96C E92? 2 D:?8=6 A6C:@5 @7 4@?46?EC2E65 @G6C=2A]k^Am
kAmkDEC@?8mq=F636CCJ :>A@CED 6IA2?5k^DEC@?8mk^Am
kAmq=F636CC:6D :==FDEC2E6 9@H EC256 42? 6IA2?5 4@?DF>6C 2446DD H9:=6 6IA@D:?8 &]$] 8C@H6CD E@ =@H6C\4@DE 4@>A6E:E:@? E92E 42? F?56C4FE 5@>6DE:4 AC:46D 2?5 >2C8:?D 5FC:?8 4C:E:42= >2C<6E:?8 H:?5@HD] vC@H:?8 DFAA=:6D 7C@> !6CF[ |6I:4@ 2?5 r9:=6 92G6 6IE6?565 E96 C6E2:= D62D@? 2D 4@?DF>6C 56>2?5 92D :?4C62D65]k^Am
kAmpG6C286 2??F2= :>A@CED 92G6 ?62C=J EC:A=65[ C:D:?8 7C@> hc[___ >6EC:4 E@?D :? a_`_–a_`c E@ afg[___ >6EC:4 E@?D :? a_a_–a_ad] %96 D92CA6DE 82:?D @44FCC65 2E E96 6586D @7 E96 &]$] D62D@?] pG6C286 |2C49 :>A@CED >@C6 E92? EC:A=65[ pAC:= :>A@CED :?4C62D65 >@C6 E92? D6G6?7@=5[ 2?5 ~4E@36C :>A@CED C@D6 >@C6 E92? 6:89E7@=5] p=E@86E96C[ |2C49–|2J :>A@CED :?4C62D65 bcgT[ H9:=6 $6AE6>36C–~4E@36C G@=F>6D :?4C62D65 dfeT]k^Am
kAmx>A@CED C6>2:? 4@>A2C2E:G6=J =@H 5FC:?8 E96 4@C6 DF>>6C 92CG6DE] %96 8C62E6C 492?86 :D E92E 7@C6:8? DFAA=J ?@H C62496D >F49 7FCE96C :?E@ E96 62C=J\ 2?5 =2E6\D62D@? H:?5@HD H96? 5@>6DE:4 8C@H6CD @7E6? C6=J @? DEC@?86C 7C6D9\>2C<6E AC:46D E@ C64@G6C E96:C 4@DED] s6DA:E6 C:D:?8 5@>6DE:4 &]$] AC@5F4E:@? @7 3=F636CC:6D[ :>A@CED 92G6 42AEFC65 2 8C@H:?8 D92C6 @7 E96 6IA2?5:?8 >2C<6E[ :?4C62D:?8 7C@> ccT @7 5@>6DE:4 2G2:=23:=:EJ :? a__d E@ ?62C=J e_T 3J a_`g]k^Am
kAmkDEC@?8m$EC2H36CCJ :>A@CED :?E6?D:7J 4@>A6E:E:@?k^DEC@?8mk^Am
kAm$EC2H36CC:6D 2C6 AC@5F465 AC:>2C:=J :? r2=:7@C?:2 2?5 u=@C:52[ 3FE 4@?DF>6CD 6IA64E E96> J62C\C@F?5] x>A@CED[ >@DE=J 7C@> |6I:4@[ 96=A >2:?E2:? H:?E6C 2G2:=23:=:EJ H96? r2=:7@C?:2 G@=F>6D 2C6 =@H6C] %92E D2>6 E:>:?8[ 9@H6G6C[ @G6C=2AD 5:C64E=J H:E9 u=@C:52’D }@G6>36C–|2C49 D62D@? 2?5 E96 368:??:?8 @7 r2=:7@C?:2’D DAC:?8 92CG6DE[ 6IA@D:?8 5@>6DE:4 8C@H6CD E@ =@H6C\4@DE 4@>A6E:E:@? H96? E96J 2C6 ECJ:?8 E@ C64@G6C D@>6 @7 28C:4F=EFC6’D 9:896DE =23@C[ A24<28:?8 2?5 4@>A=:2?46 4@DED]k^Am
kAm&]$] DEC2H36CCJ AC@5F4E:@? 92D C6>2:?65 C6=2E:G6=J 7=2E :? C646?E J62CD[ H9:=6 :>A@CED 92G6 4@?E:?F65 E@ 6IA2?5] pG6C286 2??F2= :>A@CED 92G6 :?4C62D65 gdT[ 7C@> 23@FE `bc[___ >6EC:4 E@?D :? a_`_–a_`c E@ ach[___ >6EC:4 E@?D :? a_a_–a_ad] %96 8C@HE9 H2D 4@?46?EC2E65 :? H:?E6Ci }@G6>36C–|2C49 :>A@CED >@C6 E92? 5@F3=65[ C:D:?8 7C@> C@F89=J gc[___ E@ `g_[___ >6EC:4 E@?D] }@G6>36C G@=F>6 ?62C=J EC:A=65[ s646>36C :>A@CED C@D6 23@FE `fdT[ 2?5 y2?F2CJ 2?5 u63CF2CJ 6249 >@C6 E92? 5@F3=65]k^Am
kAmx>A@CED DE:== 72== D92CA=J 5FC:?8 E96 DF>>6C[ D@ E96 A2EE6C? :D ?@E J62C\C@F?5 5:DA=246>6?E] %96 AC6DDFC6 :D 4@?46?EC2E65 :? 2 4@>>6C4:2==J :>A@CE2?E H:?5@H[ H:E9 :>A@CED 2E E96:C 9:896DE AC64:D6=J H96? u=@C:52 8C@H6CD 2C6 92CG6DE:?8 2?5 r2=:7@C?:2 AC@5F4E:@? :D 3F:=5:?8] ~G6C E:>6[ E92E 8C@HE9 92D 2=D@ :?4C62D65 E96 :>A@CE65 D92C6 @7 E96 &]$] DEC2H36CCJ >2C<6Ei &$sp\32D65 6DE:>2E6D AFE :>A@CED 2E 23@FE `gT @7 5@>6DE:4 2G2:=23:=:EJ :? a_`f–a_`h[ FA 7C@> C@F89=J eT :? a___–a__a] %9:D :?4C62D6D E96 C:D< E92E DEC@?8 4@?DF>6C 56>2?5 5@6D ?@E EC2?D=2E6 :?E@ AC:46D DF77:4:6?E E@ 4@G6C 5@>6DE:4 4@DED]k^Am
kAmkDEC@?8m%@>2E@ :>A@CED 6IA2?5k^DEC@?8mk^Am
kAmuC6D9 E@>2E@6D 2C6 2 J62C\C@F?5 >2C<6E[ H:E9 u=@C:52 DFAA=J:?8 >F49 @7 E96 72==\E9C@F89\DAC:?8 4C@A[ 2?5 r2=:7@C?:2 =625:?8 5@>6DE:4 D9:A>6?ED 5FC:?8 DF>>6C] |6I:4@ AC@G:56D E96 @G6CH96=>:?8 >2;@C:EJ @7 &]$] 7C6D9 E@>2E@ :>A@CED[ 96=A:?8 C6E2:=6CD >2:?E2:? 4@?D:DE6?E DFAA=J 24C@DD D62D@?D] qFE 2D :>A@CED 92G6 8C@H?[ E96J 92G6 2=D@ 6IA2?565 :?E@ H92E H2D @?46 2 AC@?@F?465 DF>>6C EC@F89 :? 7@C6:8? DFAA=J] pE E96 D2>6 E:>6[ &]$] 7C6D9 E@>2E@ AC@5F4E:@? 76== acT 36EH66? a_`_ 2?5 a_ac[ 2?5 &$sp 6DE:>2E6D &]$] 8C@H6CD’ D92C6 @7 E@E2= 7C6D9\E@>2E@ DFAA=J 925 72==6? E@ caT 3J a_`f]k^Am
kAmpG6C286 2??F2= :>A@CED :?4C62D65 b`T[ 7C@> 23@FE `]bf >:==:@? >6EC:4 E@?D :? a_`_–a_`c E@ `]fh >:==:@? >6EC:4 E@?D :? a_a_–a_ac] vC@HE9 H2D >F49 D92CA6C 5FC:?8 E96 5@>6DE:4 DF>>6C H:?5@Hi yF?6–~4E@36C :>A@CED C@D6 ecT[ H9:=6 yF=J–$6AE6>36C G@=F>6D :?4C62D65 ffT] pF8FDE 2?5 $6AE6>36C :>A@CED 6249 4=:>365 23@FE gdT[ 5:C64E=J :?4C62D:?8 4@>A6E:E:@? 5FC:?8 r2=:7@C?:2’D AC:>2CJ D62D@?]k^Am
kAmx? yF=J a_ad[ E96 r@>>6C46 s6A2CE>6?E 6?565 E96 %@>2E@ $FDA6?D:@? p8C66>6?E 2?5 :>A@D65 2 `f]_hT 2?E:5F>A:?8 5FEJ @? >@DE |6I:42? 7C6D9 E@>2E@6D] x>A@CED 564=:?65 27E6CH2C5i y2?F2CJ–|2J a_ae D9:A>6?ED E@E2=65 23@FE fcg[___ >6EC:4 E@?D[ 5@H? `bT 7C@> E96 D2>6 A6C:@5 :? a_ad 2?5 `bT 36=@H E96 a_aa–a_ad 2G6C286] tG6CJ >@?E9 H2D =@H6C E92? 2 J62C 62C=:6C[ :?4=F5:?8 564=:?6D @7 `dT :? y2?F2CJ[ a`T :? u63CF2CJ 2?5 `gT :? |2J] (9:=6 @E96C >2C<6E 2?5 AC@5F4E:@? 724E@CD >2J 2=D@ 36 :?G@=G65[ E96 492?86 :D 4@?D:DE6?E H:E9 2 E2C86E65 EC256 C6>65J 27764E:?8 D9:A>6?E A2EE6C?D] xE 2=D@ D9@HD E92E DA64:7:4 AC:4:?8 4@?46C?D 42? 36 255C6DD65 H:E9@FE EC62E:?8 E96 3C@256C 28C:4F=EFC2= EC256 C6=2E:@?D9:A 2D E96 AC@3=6>]k^Am
kAmkDEC@?8mr@?4=FD:@?k^DEC@?8mk^Am
kAm%96 D:I 4C@AD 2?2=JK65 C6AC6D6?E 2 A@CE:@? @7 E96 7C6D9 AC@5F46 >2C<6E[ 3FE 6249 D9@HD 9@H C:D:?8 :>A@CED 42? :?4C62D6 AC6DDFC6 @? &]$] 8C@H6CD] x? D@>6 42D6D[ E92E AC6DDFC6 4@>6D 7C@> 2 DE625:=J 9:896C :>A@CE 32D6=:?6 24C@DD E96 J62C] x? @E96CD[ 7@C6:8? D9:A>6?ED 92G6 6IA2?565 5:C64E=J :?E@ 4C:E:42= 5@>6DE:4 92CG6DE H:?5@HD[ H96? 8C@H6CD >FDE BF:4<=J >2C<6E 9:89=J A6C:D923=6 4C@AD 2?5 C64@G6C E96:C 2??F2= 4@DED] p4C@DD >@DE @7 E96 6I2>A=6D[ &]$] AC@5F4E:@? 92D 366? 7=2E @C 564=:?:?8 6G6? 2D :>A@CED 92G6 82:?65 2 =2C86C D92C6 @7 E96 >2C<6E]k^Am
kAm%92E 4@>A6E:E:@? :D 6DA64:2==J 5:77:4F=E 3642FD6 >2?J 7@C6:8? DFAA=:6CD @A6C2E6 H:E9 DF3DE2?E:2==J =@H6C =23@C[ AC@5F4E:@? 2?5 C68F=2E@CJ 4@DED] &]$] 8C@H6CD 7246 C:D:?8 6IA6?D6D 7@C H286D[ H@C<6C 9@FD:?8[ 7@@5 D276EJ[ H2E6C BF2=:EJ[ A6DE:4:56 4@>A=:2?46 2?5 @E96C C6BF:C6>6?ED E92E 2C6 5:77:4F=E E@ A2DD @? E@ 3FJ6CD] pD E9@D6 4@DED =:>:E 5@>6DE:4 24C6286 2?5 :?G6DE>6?E[ :>A@CED :?4C62D:?8=J 7:== E96 C6DF=E:?8 DFAA=J 82A[ C6:?7@C4:?8 8C62E6C C6=:2?46 @? 7@C6:8? AC@5F4E:@?]k^Am
kAm%C256 C6>2:?D 6DD6?E:2= E@ >66E:?8 4@?DF>6C 56>2?5 7@C 277@C523=6[ J62C\C@F?5 AC@5F46[ 2?5 DEC@?8 28C:4F=EFC2= EC25:?8 C6=2E:@?D9:AD 36?67:E E96 3C@256C 7@@5 DFAA=J 492:?] qFE E9@D6 36?67:ED D9@F=5 ?@E C6BF:C6 2446AE:?8 4@?E:?F65 6C@D:@? @7 &]$] AC@5F4E:@? 42A24:EJ] !C6D6CG:?8 2 C6D:=:6?E AC@5F46 D64E@C H:== C6BF:C6 C65F4:?8 F??646DD2CJ 5@>6DE:4 4@DE AC6DDFC6D[ 96=A:?8 8C@H6CD C6>2:? 4@>A6E:E:G6 2?5 FD:?8 E2C86E65 EC256 C6>65:6D H96? DA64:7:4 AC24E:46D 2C6 AC@G6? E@ 42FD6 >62DFC23=6 92C>] p 56A6?523=6 7C6D9 AC@5F46 DFAA=J F=E:>2E6=J C6BF:C6D 3@E9 C6=:23=6 EC256 A2CE?6CD 2?5 72C>6CD H9@ 42? 277@C5 E@ <66A 8C@H:?8 96C6 2E 9@>6]k^Am
kAm':D:E k2 9C67lQ9EEADi^^HHH]73]@C8^>2C<6E\:?E6=Q E2C86ElQ03=2?<QmHHH]73]@C8^>2C<6E\:?E6=k^2m 7@C >@C6 :?7@C>2E:@?]k^Am
Daniel Munch
Daniel Munch is an economist with the American Farm Bureau Federation’s Market Intel. Visit  for more information.
Be the first to know
Get local news delivered to your inbox!





