(NAFB.com) – The Federal Reserve Bank of Kansas City launched the Center for Agriculture and the Economy. This initiative underscores the Bank’s ongoing commitment to including perspectives from agriculture and rural areas in discussions on the national economy. “For many years, the Kansas City Fed has provided critical insights into one of the nation’s most vital industries, which is agriculture,” said Jeff Schmid, president and CEO of the Kansas City Fed. “The establishment of the Center formally recognizes our District’s investment in the area and highlights the vital importance that we place on gathering insights from all of those who have a role in the ag economy.” The new Center will serve as a resource within the Federal Reserve System by providing timely analysis of industry developments and conducting ongoing research on the agricultural economy and the rural regions where production predominates. Production agriculture is central to the Tenth District’s overall economy.
