Calculator on top of money and grainIn its latest Beige Book update, the Federal Reserve Board observed mixed but mostly steady conditions for the ag sector around the country, with things like export demand and federal farm payments helping support farm revenues for crop producers from California to the Southeast. Generally strong crop yields contributed to optimism in the nation’s center, though some who responded to a recent Fed survey said they’re beginning to be concerned with rising livestock feed costs. A lower U.S. Dollar Index is contributing to strong export demand for row crops and small grains raised in the Midwest as well as raisins and nuts in California, and will be a major factor to watch for market strength moving into 2021. See more observations from the latest Beige Book update.