'FED SAYS MIDWEST FARM ECONOMY TO IMPROVE SLIGHTLY'

(AP/Foodmanufacturing.com) — According to the AP, "farm income should improve in some Midwest and Western states during the second quarter because livestock businesses will benefit from lower feed costs, the Federal Reserve Bank of Kansas City" said late last week. The 10th Federal Reserve District, based in Kansas City, includes Nebraska. "Bankers who answered the survey expect overall farm income to improve slightly in the second quarter but remain below last year," the story notes. Also, the story notes that the Federal Reserve report shows the "biggest gains in farm and ranch land values were reported in Nebraska," but "banks in the district reported having significantly more funds available for farm loans than they needed to meet demand." See more at http://www.foodmanufacturing.com/scripts/ShowPR~RID~15746.asp.