The Purdue University/CME Group Ag Economy Barometer marks a second month of sharp declines, down 21 points to a reading of 137 in June.
Producers were less optimistic about current conditions on their farming operations.
Current pallet shortage expected to have a negative affect on ag producers
Ag groups call for modifications or exceptions to pallet requirements.
With the price of corn in the United States approaching record highs this year, the weather could be the culprit, according to AccuWeather.
Weather events both in the United States and abroad are causing corn prices to rise.
Colorado River Economy George Oamek
There has been considerable discussion about who has water rights that predate the 1922 Colorado River Compact.
Farm income forecast
Farm cash receipts are forecast to increase $20.4 billion (5.5%) to $390.8 billion in 2021.
Potato sales grow
Potato Expo panel agrees that sales momentum will likely continue through 2021.
Oamek discusses renegotiating 2021 irrigation water leases between central Nebraska irrigators and the Platte River Recovery Implementation Program.
Johansson will be replaced by Seth Meyer as chief economist.
Chicago wheat
Lack of demand for U.S. cargoes and improving global supply affecting futures.
Food inflation forecast
Following highs during the pandemic, the Food Price Outlook indicates a rise in food inflation.