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Nebraska Farm Bureau economist sees some positive signs

An economist with Nebraska Farm Bureau says the struggling ag economy seems to be leveling off.

But Jay Rempe says it’s still too soon to say if a turnaround is imminent.

“I think there’s some signs out there that maybe things are getting close to that bottom, if we haven’t hit it already,” Rempe says. “I’m not ready to say that things are going to pick back up again—but maybe level off a little bit.”

Rempe says he sees a couple of positive factors at play.

“The export markets and prices have hung in there better than some of us thought they would at this time of the year,” he says. “Secondly, I think it demonstrates the wherewithal of farmers and ranchers and others in agriculture in terms of tightening their belts and the cost-cutting measures that they’re putting in place. Hopefully, that’s becoming effective right now, too.”

Rempe says the ag economy is a big part of the focus of a new Agricultural Economic and Technology Summit, to be held in Kearney, Nebraska June 13th and 14th.  The event will feature a range of Nebraska-based and national experts. Nebraska Farm Bureau is one of the sponsors of the summit. Get more details here.

AUDIO: Jay Rempe

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