Strong demand from China, smaller supplies and other factors have resulted in higher prices for many agricultural commodities. Projected prices for corn, soybeans, hogs and several other commodities moderate in the years ahead, while cattle prices increase. Economists from the Food and Agricultural Policy Research Institute (FAPRI) team release the annual U.S. Baseline Outlook report each spring, and provide an…
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Agricultural Markets Still Face Uncertainty, but University of Missouri Analysts See Signs of Optimism
FAPRI releases annual U.S. Agricultural Market Outlook
Farm income could decline in 2021, in spite of large increases in the value of crop and livestock sales, according to the latest analysis of national and global agricultural trends from the University of Missouri. Lower government payments and higher farm production costs could outweigh the increase in sales. Even with the decline projected by analysts at the Food and…
Gathering Preliminary Data
FAPRI provides early analysis of the impact of the COVID-19 pandemic on agricultural markets in the U.S.
The U.S. Agricultural Market Outlook is prepared annually by economists with the Food and Agricultural Policy Research Institute (FAPRI) and MU Agricultural Markets and Policy (AMAP) and is updated each August. FAPRI Director Pat Westhoff said the report gives policymakers, farmers, agribusinesses and the public an overview of the state of the U.S. farm economy. The market projections it contains can…
Farm Economy Outlook Depends on New Trade Agreements, Evolution of Disease Outbreaks
Food and Agricultural Policy Research Institute (FAPRI) releases annual U.S. Agricultural Market Outlook report
The outlook for the United States farm economy depends on the implementation of new trade agreements and the evolution of animal and human disease outbreaks, according to the latest analysis of national and global agricultural trends from the University of Missouri. While net farm income increases in 2020, under a baseline assumption of continued trade friction with China, other indicators…
FAPRI Releases U.S. Baseline Outlook Report Update
Several factors have disrupted agricultural markets in 2019
Excessive spring rain, trade disputes and African swine fever have disrupted agricultural markets in 2019. Despite reduced 2019 United States corn and soybean production prospects, prices for many commodities are under downward pressure because of the many factors that have weakened demand. Economists with the Food and Agricultural Policy Research Institute (FAPRI) and the MU Agricultural Markets and Policy (AMAP) team release…
Pressure on Farm Finances Appears Likely to Continue
Food and Agricultural Policy Research Institute (FAPRI) releases annual U.S. Baseline Outlook report
Pressure on farm finances appears likely to continue according to the latest analysis of national and global agricultural trends from the University of Missouri. While the analysis shows a projected net farm income increase in 2019, farm income remains below the average of 2014-17. Longer-term projections suggest little change in real net farm income over the next decade, resulting in…
Capital Gain
CAFNR graduate begins new journey as USDA chief of staff
These days, it’s not easy to catch Karla Thieman. As the newly appointed chief of staff at the U.S. Department of Agriculture, the days of Thieman (pronounced TEE-man) include meeting with outside stakeholders, working directly with Agriculture Secretary Tom Vilsack on the budget and dealing with any personnel issues that come up for a federal agency that employs more than 99,000…
Projection 2014
Good for cattle, not so good for crop producers, FAPRI estimates
Grain prices and crop producer income dropped sharply in 2013 and will probably remain there in 2014, while prices for cattle will continue record levels.
Farm Savings Ahead?
FAPRI analysis of ag bills indicate program cost reductions
Two pending legislative bills could save $16 billion to $18 billion over 10 years
Safeguarding History
Pat Westhoff and Elena Vega work to restore the famous Guitar Mansion
At the beginning of February 2011, blizzard-like conditions set in as a snowstorm blanketed much of central Missouri with nearly two feet of snow. Pat Westhoff, director of the Food and Agricultural Policy Research Institute (FAPRI) and professor of agricultural and applied economics, and his wife, Elena Vega, had just moved into their Columbia home and waited out the storm. “With all…