Rural Issue

A changing agribusiness sector

Rural Issues copyAn ag retailer says as commodity prices soften and margins get tighter, the agribusiness sector is having to tighten its belt, too.

Doug Hemm with Ohio based K-Buildings -Elgin Service Center says farmers had a pretty good run of high commodity prices and increased farm incomes – and their buying practices reflected that.

But things are changing.

“For every high you definitely have a lower point that comes along with it,” he says.  “And that’s where we’re at right now.  There’s a lot of people walking through the trade show here but very few people are talking seriously about purchasing that ag storage building in 2016.”

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