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Thu, January 2, 2025
[ Thu, Jan 02nd ]: KOSU
Agriculture economy enters 2025 with weak forecast

Agriculture economy enters 2025 with weak forecast

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An Ag Finance Update from the Federal Reserve Bank of Kansas City shows farm income and loan repayment rates weakened in the third quarter.
The article from KOSU discusses the outlook for Oklahoma's agriculture economy as it enters 2025, highlighting a generally weak forecast. Despite some sectors like wheat showing slight improvements due to better weather conditions, the overall agricultural sector faces challenges. Factors contributing to this outlook include persistent drought conditions, low commodity prices, and high input costs. The article mentions that while there are pockets of optimism, particularly in areas with improved moisture levels, the broader economic indicators suggest a cautious approach for the year. Agricultural economists and local farmers express concerns over profitability, with many relying on government support programs and diversification into alternative crops or livestock to mitigate risks. The piece also touches on the impact of global market trends and trade policies, which continue to influence local agricultural markets.

Read the Full KOSU Article at:
[ https://www.kosu.org/local-news/2025-01-02/agriculture-economy-enters-2025-with-weak-forecast ]


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