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.
Location
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.
Location
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.
Securely update and exchange balance sheet information with your AgWest team.
Put your idle cash to work with a suite of banking services that sweeps funds between accounts. Fees apply.
Economic activity directly impacts agriculture input prices, particularly for gas, diesel, fertilizers and transportation. Economists predict a weaker economy in the coming year, which could impact living standards and consumer spending, but might also ease cost pressures for agriculture producers.
Consumer spending is the largest driver of the U.S. economy, making up about 70% of the Gross Domestic Product (GDP). In this context, a ‘strong’ economy suggests consumers are buying high levels of goods and services, which increases demand for:
Many economists use U.S. retail sales as a barometer for economic activity and the chart below shows how this variable correlates with trucking and rail prices. After spiking in 2021, trucking costs followed retail sales down while rail cost growth declined significantly.
Changes in transportation costs are often, though not always, preceded by changes in consumer spending.
Return to Industry Insights home page
IN THIS SECTION
AgWest conducts a profitability analysis of its core industries every quarter by surveying its lending staff and having discussions with industry experts.
Learn more