US Farm Revenues Can Be Boosted From Grain Rally-Chicago Fed
Federal Reserve Bank of Chicago economists said the current rise in U.S. grain and oil seed prices is this year’s U.S. as Russia’s invasion of Ukraine shakes commodity markets for fear of massive disruption of exports from the Black Sea region. He said it could help boost the agricultural income of Ukraine. .. “The rise in agricultural prices is beneficial, but the input is high,” said David Oppedal, an economist at the Federal Reserve Bank of Chicago, in a webinar for the Federal Reserve on agriculture in the United States. According to data released in February by the US Department of Agriculture, US net agricultural revenues are projected to fall 4.5% from 2021 to $ 113.7 billion this year.