Industry News & Outlooks

November 22, 2024

Welcome to Terrain, an offering of Farm Credit Services of America, American AgCredit and Frontier Farm Credit. Terrain’s team of ag economists provides expert analysis and

November 15, 2024

By Ben Laine, Senior Dairy Analyst The headline consumer price index (CPI) continues to coast back toward the target inflation range of 2%, but consumers are

November 15, 2024

“The headline consumer price index (CPI) continues to coast back toward the target inflation range of 2%, but consumers are experiencing stronger inflation in their butter

November 15, 2024

Don Close, executive head emeritus of Terrain, sat down with Mike Pearson to answer questions on all things cattle markets on the September 28 episode of

November 8, 2024

The USDA has forecast an 8.77% decline in winter wheat acres for the 2024/2025 marketing year and a 6.67% decline in total wheat acres. The decline

November 4, 2024

By Don Close, Executive Head Emeritus Carcass weights have become a double-edged sword for cattle feeders and a bottleneck for the industry. For the week of

November 1, 2024

The Rural Economist – Fall 2024 In my travels across farm country, young and beginning farmers often ask questions that force me to think differently about

October 22, 2024

You asked, we answered. In Terrain’s Take videos, Terrain analysts take on Farm Credit producers’ most popular questions. How Long Can Farmland Values Hold? October 2024

October 11, 2024

Situation Cattle markets have been marked by ample fed cattle supplies and heavy carcass weights over the last several months. Steer and heifer slaughter is dead

October 10, 2024

Situation The 2024 extension for the 2018 farm bill has expired. Without an extension or a new farm bill, we revert to “permanent law” from 1949.

October 3, 2024

You asked, we answered. In Terrain’s Take videos, Terrain analysts take on Farm Credit producers’ most popular questions. How Are the Younger Generations’ Wine Preferences Evolving?

October 3, 2024

As we progress into the latter half of 2024, the U.S. wine market is still mired in a multiyear funk. There was relatively little change in

October 3, 2024

Situation Robust almond shipments in the 2023/2024 crop year have reduced carryover and bolstered pricing, driven largely by exports while domestic shipments have lagged. A key

October 3, 2024

It’s likely that the overall return for growers will remain muted this season. Situation California strawberry profitability has been challenged this season by a combination of

October 3, 2024

The industry has seemingly put the brakes on herd reduction and more market-ready pigs are finding their way to slaughter than I and other analysts expected.

October 3, 2024

The Global Soybean Revolution The U.S. is poised for record-breaking soybean yields if the USDA’s September World Agricultural Supply and Demand Estimates (WASDE) are realized. Production

October 3, 2024

2024 is shaping up to be a remarkable year for dairy profitability. After a spiritless start, an early-spring surge in prices seemed too good to last.

October 1, 2024

Situation Given the high levels of inventory in recent years, there is concern that a large 2024 almond crop could keep the grower price below breakeven.

September 25, 2024

By Dave Weaber, Senior Animal Protein Analyst, and Don Close, Chief Research & Analytics Officer In last month’s article, we explored the resilience of consumers in

September 25, 2024

By Dave Weaber, Senior Animal Protein Analyst Beef demand so far in 2024 has been nothing short of amazing, bolstering the strong beef cattle prices that