Fifty-three percent of agricultural economists surveyed in Farm Journal’s July Ag Economists’ Monthly Monitor say the row crops side of agriculture is currently in a recession, which is down from the 72% who responded that way in May.
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“I think the big concern, especially as we turn to looking at 2026, is that we’re talking about for almost every single crop, 2026 being at least the fourth consecutive year of negative returns, and we’re not just talking about small negative returns on average, but over $100 an acre losses ….” [Krista Swanson, chief economist for National Corn Growers Association (NCGA), says.]
Why Some Ag Economists Argue Agriculture Isn’t in a Recession
Additional farm program payments from Congress, along with the fact land prices aren’t declining, are two reasons 47% of ag economists argue the ag economy isn’t in a recession.
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‘Tariffs on China could put me out of business’: Trump-supporting farmers panicked by erratic trade flip flops pleads for a quick deal
Economists say trade will play a major factor in the health of the ag economy over the next 12 months. It’s not just how the tariff issues are resolved, but with which countries the U.S. is able to strike trade deals.
