CoBank says farmers are in a sound financial position heading into spring

Agriculture

I’m Clinton Griffiths with today’s AgDay Minute.

One farm lender and financial services provider says farmers are in a sound financial position heading into the spring. CoBank, completing its annual agronomy analysis and experts believe this spring will be a profitable one for farmers. Economists say since last August, prices have increased more than 60-percent for corn and soybeans and nearly 20-percent for wheat. They say the cyclical turn in grain prices, combined with government support payments, is helping farmer income.

Household net worth in the U.S. has hit a record, but it doesn’t tell the complete story. The Federal Reserve, reporting the net worth of household ended last year at the highest level on record, thanks to soaring prices for stocks and real estate. But the numbers don’t show how that wealth is distributed across income levels. Coming at a time when many economists say the gap between rich and poor is likely widening due to the pandemic.

A steer is on the loose in the city of Johnston, Rhode Island. Police, posting this picture of the animal, roaming the streets at night. just as it has been doing for more than a month…after escaping a slaughterhouse! Police say they just don’t have the resources to chase the 15-hundred pound animal but they’re keeping track of it. They say in a Facebook post that anyone who sees it should alert them rather than try to corral it themselves.

For more ag news watch AgDay, weekdays on this station or anytime at agweb.com.

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