iStock: simazoran Higher commodity prices are putting cash in farmers’ pockets and as a result, farmland values are headed upward this year, said economist Brent Gloy. “The question most are considering is, ‘How high will farmland values adjust?’” asked Gloy in a blog. “The two major factors driving farmland prices – income and interest rates – are both moving favorably,” wrote Gloy. “The farm economy in 2021 has started on a high note, with the farmland market poised to head higher. Record-large government payments and the commodity rally that started last summer boosted farm income. Interest rates are forecast to remain low, making it easier to buy farmland while also making farmland an attractive asset with a higher appreciation rate than other investments. “While many unknowns exist, it’s important to avoid getting caught in the hype of what might become a stream of bullish farmland data,” said Gloy.
Booth’s Economic Outlook series continues with focus on China and Asian geopolitics
The COVID-19 pandemic, the U.S.-China trade war and a new presidential administration in the United States will continue to play significant roles in the economies of Asia. With those issues in mind, the University of Chicago Booth School of Business convened a panel of experts to discuss the events of the last year and the economic factors that are likely to shape 2021 in Asia and beyond.
The Jan. 20 panel, which included Chicago Booth faculty members Randall S. Kroszner and Chang-Tai Hsieh
as well as UChicago alum Richard Wong, AB’74, AM’74, PhD’81, focused mainly on China and the policies and challenges facing the country as it slowly liberalizes its economy. The talk was the second in Chicago Booth’s 2021 Economic Outlook series and hosted by Booth’s campus in Hong Kong.
RMA, Cambridge Centre for Risk Studies Convene Chief Risk Officers from Major Financial Institutions to Prepare for Climate Transition
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PHILADELPHIA, Feb. 3, 2021 /PRNewswire/ The Risk Management Association (RMA) and the Cambridge Centre for Risk Studies at the University of Cambridge Judge Business School hosted an executive roundtable discussion with global banks and asset managers on climate change risks to the financial system. Key speakers included Kevin Stiroh, Senior Advisor in the Division of Supervision and Regulation and Chair of the Supervision Climate Committee (SCC) at the Federal Reserve, and Dr. Andrew Coburn, Chief Scientist at the Cambridge Centre for Risk Studies.
For Kashkari, diversity of views and voices deepens reliability of Fed s decisions Minneapolis Fed leader has reached out to people of color in the region. February 3, 2021 10:28am Text size Copy shortlink:
As he begins a second five-year term as president of the Federal Reserve Bank of Minneapolis, Neel Kashkari plans to continue to shake things up under both the central bank s brightest spotlight and in some overlooked corners.
Kashkari, a 47-year-old engineer who became a banker and then was brought into government, has become a distinctive figure among Fed officials as the most consistent and outspoken proponent of low interest rates and for the way he developed his views.
Volante to Help Shape the Future of Instant Payments
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NEW YORK, Feb. 1, 2021 /PRNewswire/ Volante Technologies, the global leader in cloud payments and financial messaging, today announced their participation in a pilot program for the Federal Reserve s upcoming instant payments offering, the FedNow
SM Service. The offering highlights the industry s charge to provide American consumers and businesses with instant payments services that deliver control, convenience and certainty.
In the U.S., Volante is known as the enabler of the first real-time payment over The Clearing House RTP® network, and is a member of the U.S. Faster Payments Council. The company has also been a driving force in payments modernization internationally, helping banks of all sizes process instant payments in Europe (SEPA instant payments through TIPS and RT1), Mexico (SPEI), Saudi Arabia, and many other countries. Volante s cloud-native and API-fi