In addition to dryness, producers are also dealing with increasingly warm temperatures. According to the National Oceanic and Atmospheric Administration, September 2023 was the fourth month in a row of record-warm global temperatures. And not only was it the warmest September on record, but it was also far and away the most atypically warm month of any in NOAA’s 174 years of climate keeping. In other words, September 2023 was warmer than the average July from 2001-2010.
Meanwhile, from January through the end of September 2023, the US was struck by 24 separate weather and climate disasters, each with losses exceeding US$1 billion. Most of the disasters were attributed to storms but also included a pair of floods and a drought and heatwave event.
Overall, the ag economy barometer showed a modest improvement in farmer sentiment in October compared to a month earlier as producers reported a small improvement in current conditions on their farms along with better expectations for the future. In particular, producers reported better financial conditions on their farms in October than in September.
Source : Syngenta.ca