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Where do you bank?

Location

Which account do you need help with?

Need help
Need Help

If you need help setting up services or accessing your accounts, please call our Customer Care Team at 866.552.9172 during business hours (7 a.m. — 5 p.m. PST, M-F) or email us at CustomerCare@AgWestFC.com.

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Industry Insights

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Industry Insights

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FEATURED ARTICLE

Quarterly Economic Update: October 2024

Economic growth has exceeded most expectations over the past several quarters as consumers maintain spending levels.

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Cards Quarterly Economic Update: October 2024
Cards Quarterly Economic Update: October 2024

October update

Harvest time sees declines in producer sentiment.

The long-term outlook for most commodities is bearish, with low prices persisting and elevated input costs lingering. Low producer sentiment has declined further as many commodity prices have fallen throughout harvest. The Purdue University/CME Group Ag Economy Barometer, which measures producer sentiment, dropped to its lowest level in eight and a half years. Although there was some producer optimism after the Fed cut interest rates by 50 basis points in September, it was not enough to boost overall sentiment. While low prices tend to correct over time, this period can be challenging for producers. Effective risk management strategies are essential to navigating cyclical downturns.

Monthly Spotlight

Recent Posts

cards Why aren’t farmer incomes keeping up with food prices?

Wednesday, October 09, 2024

Why aren’t farmer incomes keeping up with food prices?

by AgWest Farm Credit

Profitability in agriculture is largely down despite rising food prices. On average, farmers, processors, packers and retail outlets are receiving less revenue as a percentage of total spent on food by U.S. consumers, whereas food services and advertising are receiving more.

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Economic Headlines

Economic headlines image card

Wednesday, October 9, 2024

October economic headlines, data and trends

by AgWest Farm Credit

Monthly economic trends, data and major industry headlines.

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Industry insights

AgWest Farm Credit’s industry research team covers the state of major agricultural commodities in Alaska, Arizona, California, Idaho, Montana, Oregon and Washington. The market updates are based on various sources, and include boots-on-the-ground insights from AgWest’s own lending, appraisal and crop insurance teams across the West. For industry specific information, news and upcoming events, check out our industry pages below.

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A mound of almonds

A pile of red apples

Black cow looks at camera

harvesting tractor

Dairy cows behind a fence

Stacks of logs at a mill

Bales of hay in a field

Two lemons on a tree

Ariel view of rows of potatoes

Wine and wine grapes

Previous market update reports

Recent Posts

cards Profitability report - September 2024

Wednesday, September 11, 2024

Profitability report - September 2024

by AgWest Farm Credit

AgWest conducts a profitability analysis of its core industries every quarter by surveying its lending staff and having discussions with industry experts.

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cards Drought and water update - August 2024

Wednesday, August 14, 2024

Drought and water update - August 2024

by AgWest Farm Credit

Drought conditions worsened notably in Washington, Oregon, Montana and Northern California over the last three months.

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cards Land values - August 2024

Wednesday, August 14, 2024

Land values - August 2024

by AgWest Farm Credit

High interest rates, generally low inventories, falling farm income, shifting water availability and regulations are among the main drivers impacting land values in the West.

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