Post

No improvement in grain, soybean price projections

The Food and Agricultural Policy Research Institute projects that 2015 will see some moderation in livestock prices and continued low crop prices.  The institute’s director Pat Westhoff tells Brownfield Ag News that corn and soybean prices could be lower in the coming year, lower than what people might have guessed a few months ago, says Westhoff, but in line with where markets appear to be now.  Additionally, the relative positions of crop farmers versus livestock producers is, according to Westhoff, a definite reversal of fortunes.  But because of higher livestock prices, Westhoff expects producers to expand production, which will eventually lower prices.  If livestock prices moderate, Westhoff says it’s possible that food price inflation could drop to less than 2 percent in 2015.  Westhoff says the projection will help farmers decide whether to take part in the government’s Price Loss Coverage program or the new Agricultural Risk Coverage program.

AUDIO: Pat Westhoff (3 min. MP3)

Add Comment

Your email address will not be published.


 

Stay Up to Date

Subscribe for our newsletter today and receive relevant news straight to your inbox!