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outlook

Clues to Future Crop Economics From the Past

U.S. and global crop agriculture seems to be in a downward transition from record high economic activity during 2010 to 2013. Not surprisingly, the current downward adjustments are likely just a portion of a longer run cycle.

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Mini-Boom Ahead for the Livestock Industry

The U.S. livestock industry has entered a new era of much higher product prices, lower costs of production, and favorable margins for producers and their input suppliers. This new era is a reversal of what took place starting in about 2007 through mid-2013 when margins were often negative, producer balance sheets were eroding, and lenders anxiety about the health of their livestock accounts was growing continuously.

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