IARN — The U.S. economy will progressively slow through the first half of this year, and recession fears are still high and warranted. That assessment comes from CoBank, which also says inflation is starting to loosen its grip on farm country. Rob Fox, director of CoBank’s Knowledge Exchange Division, said that, while a slowing economy does mean that impact of inflation is expected to diminish, that also means crop prices- and to a lesser extent, livestock prices- that producers receive in 2023 will be weaker when compared to the previous two years.
For more on this story, visit the Iowa Agribusiness Radio Network.
Photo by Riley Smith
