DENVER, CO – Even with renewed supply chain disruptions and the ongoing COVID gloom, the economic backdrop is bright according to the most recent “Quarterly” report from CoBank.
The challenges to the economy are being felt through empty stores shelves and increasing threats of inflation.
Consumers continue to spend and workers are re-entering the labor pool even as dairy and animal protein processors attempt to minimize production slowdowns.
Also, farm input retailers are scrambling to build inventory before spring fieldwork begins but fortunately, CoBank suggests most of the agriculture industry is facing these disruptions from a position of price and margin strength.
“Across rural America, 2022 begins with significant challenges, but also with the potential for substantial upside” the report concludes.
(SOURCE: All Ag News)
