Inflation
While inflation remains above the Federal Reserve’s target of 2%, the outgoing president and CEO favors a pause on interest-rate reductions while noting AI’s potential to shift labor needs
President-elect Donald Trump has talked about increasing tariffs on foreign goods, arguing that such import taxes would keep manufacturing jobs in the U.S., shrink the federal deficit and help lower food prices.
New research finds the surge in grocery prices was driven mainly by substantial increases in commodity prices and supermarket wages, rather than price gouging.
The average price per pound of potatoes has hit a five-year high of $2.35, but volume sales remain above pre-pandemic levels.
Amid weather and labor obstacles, South Texas growers expect normal supplies of winter vegetables to resume by early December.
The consensus ahead of the FOMC report is a jump of 0.5 percentage points, says Chip Flory, host of AgriTalk. But what should the Fed actually do?
The end of the year is closing in. Have you considered new prepaid expense moves? According to Paul Neiffer, farm CPA at CLA Connect, you should.
Global inflation will likely decrease to 6.5% in 2023 and to 4.1% by 2024, according to the International Monetary Fund (IMF) forecast.
Agriculture can sometimes act as a buffer during broader economic recessions, as demand for essential food items tends to remain relatively stable. However, when multiple indicators align in the industry, it can signal a recession.
From record-high gas and diesel prices on the road to a major spike in the price Americans paid for their Memorial Day weekend barbecue essentials, shoppers are seeing price spikes everywhere they go.
The grocery food index rose 1.6% over the last 12 months, according to a report from the Bureau of Labor Statistics.
In 2025, overall food prices are anticipated to rise at a slower pace than the historical average rate of growth.