Apr 01, 2021
It appears that the US economy and local ag environment is set for a “Fireworks Recovery.”
We all have had experiences over the past 18 months that none of us could have imagined. The political drive of separation, living through a pandemic, and 40 percent of the acres in our local market not being planted is something none of us hope to endure again.
The good thing to all challenges we face is that there always seems to be light at the end of the tunnel. The pandemic has had some unique causes and effects on our economy. While overall income was down by 6 percent for individuals over the past year, we have seen excess savings rise by 1.6 trillion dollars. There is a huge anticipation over the next six months that American citizens will return to their normal ways of spending, leading to continued growth in our economy.
There are also many reasons to be optimistic about our local ag environment. Commodity prices have remained strong, interest rates continue to be at record lows, and most growers were able to lock in inputs prior to the drastic market increases. Most producers have returned to taking the extra steps in building plans to maximize yields in their planning processes.
The season will not come without challenges. We continue to be warned about logistics and production issues that will affect the market from our suppliers. I would highly recommend that you be proactive in getting your fertilizer applied and seed, chemical, and fuel delivered to reduce the risks for your operation.
The team at FCA has done a tremendous job working with you, our member-owners, to build a plan to capitalize on this upcoming season. Now is the time to take the first steps to take advantage of the opportunities that lie ahead. We appreciate your business and look forward to servicing you at a high level during the 2021 growing season. Have a safe and productive planting season.
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