Low mortgage rates and record income per acre may be driving farmland values higher than is sustainable.
Tag: Ron Plain
Farmland prices are well above average trends
Cash strapped consumers are eating less meat
Tighter household budgets, higher grocery prices, fewer animals on the market and more meat going to foreign countries are causing the average U.S. consumer to eat less meat and poultry, according to a University of Missouri professor of Agricultural and Applied Economics.
The July Fourth holiday is the most popular grilling period of the year, and Americans will find the 191 million pounds of hamburgers and juicy steaks purchased will cost about 10 percent more than last year.