Feedstuffs in Focus

Effect of rising interest rates and inflation on ag exports

Episode Summary

With the Fed bumping interest rates this week, we take a look at the impact of the rate hike on inflation, and the effect inflation might have on the continued success of red meat exports.

Episode Notes

The Fed increased Interest rates this week as part of its plan to tackle inflation. The modest rate hike is part of a strategy to ensure a smooth "glide path" for the economy, which heated up in part due to the unprecedented events of the COVID-19 pandemic and the attendant federal efforts to help consumers and businesses stay afloat.

But what will that rate hike mean for agriculture? We'll discuss it in this week's episode of Feedstuffs In Focus.

We'll hear from:

• Mike North of EverAG on the rate hike and inflation;
• Cortney Cowley with the Federal Reserve Bank of Kansas City on the 2022 outlook for the ag economy;
• Congressman Austin Scott of Georgia and House Ag Committee Chair  David Scott on what Russia's attack on Ukraine means for food production;
• ...and from U.S. Meat Export Federation chairman-elect Dean Meyer on red meat exports and grain prices.