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Many Consumer Prices Are Higher: Time to Eliminate Government-Imposed Economic Roadblocks
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Oklahoma workers are struggling to find jobs as end to federal unemployment benefits nears
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Kansas City Fed is not dismissing the risk of inflation surge
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iStockphoto.com: VBaleha Farmers in the Midwest and Plains are reaping a cash bonanza that has dramatically improved their finances a year after the pandemic pummeled commodity markets and prompted a record $46 billion in federal payments to agriculture, said three regional Federal Reserve banks on Thursday. The banks in Kansas City, Chicago, and Minneapolis said farm income strengthened in the early months of this year, a continuation of the improvement seen at the end of 2020. “After a sharp rebound at the end of 2020, conditions in the broad agricultural economy continued to improve alongside increases in crop prices,” said the Kansas City Federal Reserve, which covers the central Plains. “Stronger profit potential for farm borrowers supported a second quarter of significant increases in farm income, loan repayment rates, and farmland values.”