Beef production and exports USDA WASDE, Foreign Ag Service, Haver Analytics

Ag outlook faces headwinds

Low commodity prices in late 2016 put downward pressure on farm income, farmland values and credit conditions such as repayment rates for farm loans.

Exports may have helped give a boost to some agricultural commodity prices over the summer, but it only tempered the headwinds facing the U.S. agriculture industry, according to the latest ag outlook report from the Federal Reserve Bank of Kansas City, Mo.

Economist Cortney Cowley and assistant economist Matt Clark said livestock and animal products have been forecasted to decline sharply in 2016, and despite above-average export volumes in soybeans, corn and cattle, another year of r

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