McLean County Farm Bureau

Economic slowdown, tighter farm margins ahead

Some believe it’s not a matter of if, but when, the U.S. slip into a recession. “As financial conditions continue to tighten, we expect the U.S. economy will steadily soften through the first half of 2023, ushering a brief, modest recession,” said Dan Kowalski, vice president of CoBank’s Knowledge Division. The ag industry is expected to deal with continued rising input costs, higher interest rates and weakening demand. Read more from CoBank’s Year Ahead Report.