What Are The Economics into 2012?
Posted: December 4, 2011 by DairyCast Industry
Audio via DairyCast.com
Bob Young, American Farm Bureau's chief economist, is seeing food costs going up through their consumer surveys.
Our surveys' would suggest those food prices are up, and up significantly.However, there are enough of uncertainties in the market places that suggest that food prices will only be a factor but not the driver.
Other activity in agriculture suggests that the sector as a whole is doing well. There still are issues with corn and bean prices remaining high, with impacts to cattle prices. But over all 2012 looks pretty good.