The majority of agricultural economists in the latest Monthly Monitor say U.S. ag ended 2024 in a recession. Farm Journal’s AgWeb.com says 56 percent of ag economists responded “yes” to the question of a recession. The newest Monthly Monitor asked economists what they’ll be watching for in the new year. One of the biggest is the potential of a prospective tariff war, which they say is “being downplayed despite published research measuring the expected damage range.” They’re also looking at farmer attitudes toward non-traditional land uses, including CRP, solar, and other forms that help boost their incomes. There is worry about the Brazilian real (ree-ALL), which is depreciating and could lead to more U.S. competition. Also, in 2025, there’s a chance that cash rent prices may stay constant despite a downturn in crop prices. Farm incomes vary greatly by region, and the economists say Southern farmers are really struggling.
Ten things that may affect ag in 2025
