By Jamie Martin
The Federal Reserve Bank of Kansas City has launched the Center for Agriculture and the Economy, strengthening its efforts to connect rural and agricultural perspectives with the broader national economy.
“For many years, the Kansas City Fed has provided critical insights into one of the nation’s most vital industries—agriculture,” said Jeff Schmid, president and CEO of the Federal Reserve Bank of Kansas City. “The establishment of this center formally recognizes our District’s investment in this area and highlights the vital importance that we place on gathering insights from all of those who have a role in the ag economy.”
Through continued research and surveys, the Center will deliver timely updates on agricultural finance, rural economic conditions, and industry developments. It will also provide resources for Federal Reserve policymakers as they evaluate trends influencing America’s farming economy.
“It is vitally important to us that we include voices from agriculture, including related industries and rural places, in our work,” said Nate Kauffman, senior vice president with the Federal Reserve Bank of Kansas City and executive director of the Center. “Our goal is that the Center for Agriculture and the Economy will reflect this two-way exchange where, in addition to us taking in information, we also produce research and resources that provide value to those connected to agriculture.”
Covering the Tenth Federal Reserve District—including Kansas, Colorado, Nebraska, Oklahoma, Wyoming, northern New Mexico, and western Missouri—the Kansas City Fed remains an important voice for the rural economy.
The Center will offer monthly finance updates, quarterly bulletins, and in-depth research to inform policy and strengthen the nation’s understanding of agricultural economics.
Photo Credit: barn-istock-dusanpetkovic
Categories: National