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Top 10 charts to monitor in 2023

As we start the new year amid elevated inflation and the threat of a recession, FCC Economics is highlighting ten charts that help make sense of the economic environment for farm operations, agribusinesses and food processors.

Inflation
This should surprise nobody. Last year’s inflation hit monthly highs not seen in decades, with headline inflation at 6.8% year-over-year (YoY) in November. Excluding food and energy, prices rose 5.4% over the same timeframe. Higher prices for food and gasoline (which rose 11.4% and 13.7% year-over-year, respectively) drove much of the overall inflation as of March 2021 and throughout 2022 (Figure 1).

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Proud To Be A Farmer - Home In The Heartland

Video: Proud To Be A Farmer - Home In The Heartland


This video is dedicated to the heart and soul of our nation—those families who rise with the sun, who pour their sweat and love into the land, and who keep the backbone of this country standing strong. Inspired by their dedication, this song, Proud To Be A Farmer Home In The Heartland, is a tribute to their unyielding spirit. Thank you to all who’ve supported this channel and shared in this journey—together, we celebrate the heritage that makes us who we are. The importance of farmers must never be forgotten.