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Farmers remain cautious about AI technology

Farmers remain cautious about AI technology

Artificial intelligence is becoming a larger part of agriculture, but many farmers remain cautious about adopting the technology, according to the latest Purdue University CME Group Ag Economy Barometer. The monthly survey asked producers about artificial intelligence and data-driven tools for the first time, revealing that many are still uncertain about the value AI can provide to their operations. Agricultural economist Michael Langemeier said researchers were surprised to find that more...

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Friendly April WASDE report meets quiet market expectations

With the intense volatility we are experiencing in the ag economy right now, the commodity markets are closely watching every single headline that pops up in the news. Today brought the release of the April WASDE report, which is the first major ag report to be...

Tariff volatility continues with 90-day pause

Tariff volatility continues with 90-day pause

The past week has been full of tariff whiplash. President Trump yesterday announced a 90-day pause in the reciprocal tariffs in place on many U.S. trading partners. Dave Salmonsen, senior director of government affairs for the American Farm Bureau Federation, said the...

Ag economist says outlook for ag is not promising

Ag economist says outlook for ag is not promising

One of the country's leading ag economists says the economic forecast for agriculture in 2025 and beyond does not look promising. Dr. Joe Outlaw, a professor and extension economist at Texas A&M University, says that the forecast for ag in the next five years...

Beef still rules the meat case

Beef still rules the meat case

Despite ongoing economic uncertainty and rising grocery prices, beef has defied expectations at the meat counter. Historically, tighter household budgets tend to push consumers toward more affordable proteins like pork and chicken. Yet, in a surprising shift, beef has...

Sticking with financial plans during economic volatility

Sticking with financial plans during economic volatility

It’s no secret that the economy is extremely volatile right now. Things were looking pretty grim after President Trump announced his plan for widespread tariffs, and now the markets have shot back up following his announcement today that the retaliatory tariffs will...

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Food spending increases from 2023-2024

Food spending increases from 2023-2024

USDA says per capita total U.S. food spending increased 3.2 percent from 2023 to 2024, slightly outpacing the 2.3 percent increase in food prices during the same period. That showed a stronger demand for food despite higher prices. However, national trends in sales...