Farm economy strong, uncertainty looms

An ag economist says the farm economy is healthy, but there’s plenty of uncertainty heading into 2023.

Jay Rempe is with the Nebraska Farm Bureau. “Exports markets have hung in there very well. We rely very heavily on export markets particularly for our corn and soybeans and particularly beef.  Those are supporting prices, and we’re seeing domestic demand be very resilient.”

But, he tells Brownfield, inflation, interest rates and skyrocketing input costs could limit profitability  for next year’s crop.

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Farm economy strong, uncertainty looms