A new food and ag outlook from the University of Missouri’s Food and Ag Policy Research Institute says lower commodity prices and tight margins are expected for some U.S. farmers and ranchers this year.
Director Pat Westhoff says if weather conditions are average for the upcoming growing season, crop yields would likely be higher than the last few years for major commodities.
“Additional supplies could put downward pressure on crop prices.”
FAPRI says this year, corn prices are expected to fall to $4.39/bushel and could move lower in the future.