Ag Industry Trends & Outlooks

Paul Jannke of Forest Economic Advisors joined Farm Credit East for a discussion on the 2024 economic outlook for the forest products industry.

In this webinar, Farm Credit East and Dr. Robert Maltsbarger of the Food and Policy Research Institute at the University of Missouri, presented a 2024 Grain and Oilseed Industry Outlook.

The Farm Bill has been bogged down since the Fall while Congress has battled over funding the government. Given it’s an election year, Congressional leaders have acknowledged if the Farm Bill isn’t passed by mid-year, it will likely be extended for another year leaving it for the next Congress to complete. Several Farm Credit backed proposals have been introduced this Congress that would allow Farm Credit to lean into meeting the capital needs of rural America. The intent is for these “marker bills” to be included in the Farm Bill. Here is a summary of four of them.

According to the USAppleTracker monthly storage report, November holdings were 191 million bushels – an all-time high, eclipsing the mark set during the 2014/15 season. What does this mean for the 2024 season? Farm Credit East recently hosted a webinar with Chris Gerlach, USApple’s Director of Industry Analytics, to find out.