What to watch in 2024 farm economy

With high interest rates, evaluate debt strategies, economist says

Chad Smith
Dec 29, 2023
Dec 29, 2023

Towering corn piles, like this one at a Landus elevator in Ralston in October 2015, are expected to be a common sight again this year. Roger Fray, chief commodity marketing officer for Landus, says on-ground storage is an inexpensive solution for tight storage, but maintaining the crop is expensive.
IFT photo by Bob Davis

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Chad Smith

One of the biggest stories of 2023 is declining net farm income.

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Ag economist David Widmar talks about recent impacts and future expectations for the industry at the South Dakota Governor’s Agricultural Summit in Sioux Falls July 9. He told producers to watch their price of production in 2022.
Tri-State Neighbor photo by Jager Robinson

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Chad Smith can be reached at editorial@midwestmessenger.com.