• Agricultural Finance

    Agricultural Outlook

    Summer 2019

    Against the backdrop of a strong domestic economy, U.S. agricultural producers in 2019 continue to endure trade disputes, large inventories, and planting delays. Although China’s retaliatory tariffs have impacted the sector, weather challenges and disease pressure abroad have lifted prices for key agricultural commodities, presenting some upside to the U.S. agricultural outlook.

  • Agricultural Finance

    California Table Grape Insight

    April 2019

    Despite growing competition from South American producers over the last few years, California table grape growers have remained resilient and expanded output to capitalize on growing global grape consumption, particularly in Asia. Recent trade tensions and rising labor costs have been headwinds for table grape producers. Still, the long-term outlook for California’s table grapes remains positive as fervent global demand and exports will continue to support the industry.

  • Agricultural Finance

    Ag Quarterly Newsletter - Fall 2018

    Fall 2018

    International trade took center stage this summer. The U.S. farm sector bore the brunt of foreign retaliatory tariffs due to its dependence on exports. Recently, tensions with some nations have eased, but retaliatory tariffs on U.S. agricultural products remain in place and the outlook for the dispute with China remains unclear. Despite all this uncertainty, the USDA's latest outlook for the farm sector points towards continued resiliency.

  • Agricultural Finance

    Blueberry Industry Outlook

    August 2018

    Year round competition from imports has domestic blueberry farmers converting to organic in exchange for a price premium.

  • Agricultural Finance

    Cattle Industry Outlook

    August 2018

    Limited processing capacity and trade uncertainty could signal a peak in the expansion of the U.S. cattle industry.

  • Agricultural Finance

    Wheat Industry Outlook

    August 2018

    Global drought is driving a rally in wheat prices to the delight of U.S. farmers, but these bullish conditions are likely temporary.

  • Agricultural Finance

    Ag Quarterly Newsletter - Spring 2018

    Spring 2018

    Solid economic conditions in the U.S., which led to a noticeable rise in long term interest rates, were overshadowed by an increase in trade tensions between the U.S. and China. We remain optimistic that an eventual settlement will be reached as both nations have demonstrated a willingness to negotiate. Rising interest rates could be a potential headwind for the ag economy, but other factors such as rising incomes and inflation could serve to offset the pressure of higher interest rates.

  • Agricultural Finance

    Ag Quarterly Newsletter - Winter 2018

    Winter 2018

    The U.S. agricultural sector began a recovery in 2017 with the first year-over-year increase in Net Farm Income since 2013 and stabilization in the farmland market. We expect the modest recovery to continue in 2018, but this outlook remains sensitive to trade disputes and a further buildup in inventories.

  • Agricultural Finance

    Apple Industry Outlook

    November 2017

    Consumer preferences are driving farmers to adapt new and better tasting apple varieties.

  • Agricultural Finance

    Cold Storage Industry Outlook

    November 2017

    Newer automated facilities are set to outperform as 2017 marks an inflection point in supply and demand.

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