Wells Fargo Economist Observes Rosy Farm Economy
March 21, 2023
INDIAN WELLS, Calif. (DTN) — Michael Swanson, this new Minnesota-mainly based farming economist to own Wells Fargo, the most significant commercial lender to agriculture, coated good rosy picture to possess Western products for the next numerous age — until the sun and rain interferes.
Speaking from the yearly fulfilling of your own Harvest Insurance coverage and Reinsurance Bureau (CIRB) on Indian Wells, California, Swanson said he believes “Life is a.” Having corn currently significantly more than $5 for every single bushel and you may soybeans more than $12, Swanson told you the guy expects prices to remain highest “as high as 2025.”
