# Federal Reserve: Observations on the Ag Economy- August 2019 - Farm Policy News

> The Federal Reserve's August 2019 Beige Book reported poor farm income in most sectors, with trade issues and low commodity prices hurting farmers. Chicago District reported corn and soybean prices declining and crops up to a month behind due to a wet spring. Atlanta District noted mixed drought conditions.

- Date: 2019-09-10 · published 2019-09-10T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/6596-federal-reserve-observations-on-the-ag-economy-august-2019-farm-policy-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Weak farm income and delayed crop development point to reduced farm spending and pressure on feed grain prices as harvest approaches.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-07-19 | [Federal Reserve: Observations on the Ag Economy- July 2018 \| Farm Policy News \| Illinois](https://feedsoft.ai/events/6566-federal-reserve-observations-on-the-ag-economy-july-2018-farm-policy-news.md) | -1.3% | -0.2% |
| CORN | 2020-04-17 | [Federal Reserve-Observations on the Ag Economy-April 2020 - ProAg](https://feedsoft.ai/events/6056-federal-reserve-observations-on-the-ag-economy-april-2020-proag.md) | -0.9% | -1.5% |
| CORN | 2023-02-16 | [USDA Agricultural Projections to 2032- Focus on Corn, Soybeans - Farm Policy News](https://feedsoft.ai/events/15335-usda-agricultural-projections-to-2032-focus-on-corn-soybeans-farm-policy-news.md) | -0.4% | -4.9% |
| CORN | 2019-03-18 | [USDA Agricultural Projections to 2028- Focus on Corn, Soybeans - Farm Policy News](https://feedsoft.ai/events/60114-usda-agricultural-projections-to-2028-focus-on-corn-soybeans-farm-policy-news.md) | +2.6% | -3.5% |
| CORN | 2019-08-14 | [High Plains Ag Week 8/15/2019 - Ag Economics on the Plains](https://feedsoft.ai/events/7609-high-plains-ag-week-8-15-2019-ag-economics-on-the-plains.md) | -1.2% | -4.0% |
| SOY | 2018-07-19 | [Federal Reserve: Observations on the Ag Economy- July 2018 \| Farm Policy News \| Illinois](https://feedsoft.ai/events/6566-federal-reserve-observations-on-the-ag-economy-july-2018-farm-policy-news.md) | +2.2% | +1.8% |
| SOY | 2019-03-18 | [USDA Agricultural Projections to 2028- Focus on Corn, Soybeans - Farm Policy News](https://feedsoft.ai/events/60114-usda-agricultural-projections-to-2028-focus-on-corn-soybeans-farm-policy-news.md) | -0.6% | -1.5% |
| SOY | 2022-11-30 | [USDA Lowers FY 2023 Forecast for U.S. Agricultural Exports - Farm Policy News](https://feedsoft.ai/events/38741-usda-lowers-fy-2023-forecast-for-u-s-agricultural-exports-farm-policy-news.md) | -0.3% | +3.2% |

## Sources

- farmpolicynews.illinois.edu: https://farmpolicynews.illinois.edu/2019/09/federal-reserve-observations-on-the-ag-economy-august-2019/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.