If you want to know how farmers are doing just consider what is happening with bread and butter, as basic food as you can think of and arguably a building block of civilization.
Well, wheat prices are at a 5-year low on abundant global supplies and record harvests among major exporters like Argentina and Australia.
Meanwhile, if you want to butter up that slice of bread, the CME average this week is $1.40 lb compared to $2.62 lb in January 2025, about half the per pound price.
Theses low commodity prices are hitting the ag economy hard.