Brewers like Florida hops and farm economy barometer plummet


Brewers like Florida hops and farm economy barometer plummet

From the Ag Information Network, I’m Bob Larson with Agribusiness Update.

**Brewers love the flavor and aroma that comes from Florida-grown Cascade hops, saying it tastes a bit like candy.

University of Florida extension officer Matt Smith tells that yes, his sample size is small, just seven brewers so far, but he’s excited about what he’s hears from these craft brewers.

Of those he interviewed, most said they would brew craft beer from Florida-grown Cascade hops if given the chance.

** The Purdue University-CME Group Agricultural Economics Barometer fell in May to a reading of just 99, the lowest since April 2020.

The May barometer marked only the ninth time, since data collection began in 2015, that the overall measure of farmer sentiment has fallen below 100.

The current conditions index fell 26 points to a reading of 94, while the future expectations index fell 21 points to 101 in May.

** Higher land prices at the end of 2021 continued to rise throughout the first half of 2022.

After a calm and steady start to the year, prices surged on the back of the outbreak of war in Ukraine and lingering inflation fears.

Farmers saw commodity prices rise and investors wanted a low-risk hedge investment against inflation, which together propelled competition for good cropland.

Prices for good quality cropland have increased by 20% in some areas since the start of the year.


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