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US farmers hit by fallout from dollar’s strength (Financial Times)

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US farmers hit by fallout from dollar’s strength (Financial Times)

Post by Admin on Thu Feb 18, 2016 7:20 am

“Persistently low prices for agricultural commodities remained a primary driver of diminished farm income,” says the Kansas City Federal Reserve, which covers Kansas, Oklahoma and Nebraska, in a report on agriculture and the economy earlier this month.

A survey of bankers by the Kansas City Fed showed that income conditions of farms in the region were the worst since it started compiling the data in 2002. Sustained weakness in corn, soyabean and wheat prices has had “a particularly negative effect on farm income” as they accounted for about 70 per cent of harvested crop acreage in the region, the report adds..............

To read further go to this link:  ft.com


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