And while here we refer to micro household finance data in monetary policy, we have of course had lengthy discussions on the role of micro data in monetary policy more widely (Donnery, 2016). A house purchase is for many the largest asset they will buy over their lifetimes.
In addition to the bankers and state leaders here, agricultural bankers and other leaders in the industry are listening in from around the country, and I look forward to hearing their views in a few moments. During our time together, I would like to offer some observations on the current state of the farm economy.