Since their record highs of 1996, agricultural prices as a whole have fallen about 21%. This has created difficulties for farmers throughout the nation, including the Fourth District. Prices for two of the District’s most important commodities, corn and soybeans, have dropped even more than the all-product average in the last few years. Since their high point in 1997, soybean prices have fallen 52%; corn prices have gone down 63% since their 1996 high.
Suggested citation: "Agricultural Prices," Federal Reserve Bank of Cleveland, Economic Trends, no. 99-09, pp. 13-14, 09.01.1999.