A growing number of economists now believe the U.S. ag economy is in a recession.
The Ag Economists Monthly Monitor shows more than 50 percent of analysts polled believe U.S. agriculture is in a recession or very close to one. They place the downturn largely on falling commodity prices.
Lower farm income is another key factor, leading to a decline in large agricultural purchases like tractors and combines. They warn the ag economy would be in much worse shape if it were not for strong cattle prices.
