14-The U.S. Agriculture Economy Continues To Weaken As Reported In The October 3, 2023

1. The U.S. Agriculture Economy Continues To Weaken As Reported In The The U.S. Agriculture Economy Continues To Weaken As Reported In The October 3, 2023 October 3, 2023 The agricultural economy in the United States is still weakening, according to the Ag Economy Barometer released on October 3, 2023 by Purdue University and the CME Group. Reasons For Fall In Agri Prospects Reasons For Fall In Agri Prospects Low water levels on the Mississippi River and other significant tributaries have made it difficult to ship grain to the Gulf States, leading to lower crop prices, high production costs, and shipping issues. Farmers, landowners, and hunters should review their hunting plans for the current season in October and start making plans for the following year. More farmers may be willing to negotiate hunting leases this year because of the farm economy and the earlier fall harvest. Rise In Food Pricing Rise In Food Pricing Food prices are rising as a result of countries limiting exports (to protect their domestic economy) in response to factors such as inflation, the recession, Russia, El Nio, local weather conditions such as droughts and floods, currency value, and others. Worldwide, there are currently 19 countries with 41 food export restrictions in place, affecting items like onions, rice, cooking oil, corn flour, and olive oil. As much as 2/3 of the world's population eats rice, making it the most popular grain. Wheat is the world's second most important crop, but supply is hindered by Russia's invasion of Ukraine and the Black Sea blockade. According to the Wall Street Journal on Tuesday, October 3rd, the rising value of the dollar is causing problems for the majority of the world because our products are becoming more expensive.

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