Industry Insights

May update

Uncertainty reigns.

The agricultural economy in April was dominated by one key factor – uncertainty. Nearly every commodity within the sector faced this unease. The U.S. 500 stock market index and most commodity markets turned bearish early in the month following the announcement of tariffs. While markets saw a partial recovery after the announcement of a 90-day tariff pause (see the Spotlight section for more details), volatility has persisted, continuing to impact commodity markets. These fluctuations have added pressure to both business and consumer sentiment, with recession risks rising significantly. Producer sentiment has also taken a hit as farmers and ranchers adapt to these unpredictable conditions. Low commodity prices are further dampening outlooks, and the potential for additional market disruptions could pose headwinds.

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.