Where’s the buzz?
Ninth District beekeepers stung by fewer honeybees; sticky issue for ag sector.
Commercial bank loans to farmers
Recent developments in agriculture
Spotlight: Farm real estate values: Texas holds steady in 2008, bucking U.S. trend
The value of Texas agricultural land has followed national trends since the early 1990s. Last year, however, the state's average price per acre remained unchanged, a sharp contrast to the nation's first decline in 17 years. Texas was one of only eight states that didn't see falling farm values in 2008.
Farm production loans at commercial banks
A growing cornucopia of organics
Organic farming in the Ninth District continues to sprout in fields and on dinner plates.
Making hay off the land
Farmland prices are skyrocketing across the Ninth District. Many worry that the boom can?t last, and what consequences might lurk if it doesn?t.
Agricultural trends and paths toward the future - a conference summary
On December 1, 2009, the Chicago Fed held a conference that examined issues shaping the future of Midwest agriculture, with a focus on public policy implications. This conference gathered experts from academia, industry, and policy institutions to discuss trends and possibilities for agriculture in the region and across the nation.
Agriculture’s boom-bust cycles: is this time different?
Agriculture in the United States is notorious for its cycles of boom and bust. Golden eras of a booming farm economy often fade quickly as economic and financial market conditions change. Today, U.S. agriculture is in the midst of another farm boom. Henderson, Gloy and Boehlje examine the foundation of the boom-bust cycle and find that U.S. farm incomes are swelling because of record high exports and strong demand for biofuels. Simultaneously, with historically low interest rates, farmland values have reached record highs. Although current conditions mirror the past, farmers have hesitated to ...
How New York State's agriculture industry is staying competitive
We examine some of the challenges facing New York's agriculture industry and outline some innovative responses. We distinguish between two types of agriculture: commodities and value-added consumer foods. We show that commodities are a small fraction of the agriculture industry in New York State and are not a growing market segment, while value-added goods are the primary products of New York farms and represent a market segment that is growing significantly. We then briefly discuss important strategies that agricultural producers are using to remain competitive, including the adoption of ...