Purdue professors provide insight into critical issues facing farmers in 2021
WEST LAFAYETTE, Ind. – This past year has been filled with uncertainties in agricultural markets. A persistent trade war, weather issues and the COVID-19 pandemic have impacted prices and brought changes to all parts of the agricultural value chain. One of the biggest questions is whether these issues will continue to disrupt agricultural markets in 2021.
Each year, experts from Purdue University’s Department of Agricultural Economics examine economic conditions from the previous year and consider what the agricultural sector can expect for the coming year. These results are published in the Purdue Agricultural Economics Report Annual Outlook Issue.
Brady Brewer, assistant professor and one of the report’s writers, analyzes trends in the financial sector and believes the farm economy can expect these same issues to continue to influence markets in 2021.
“This year has been full of unprecedented disruption for the agricultural economy,” Brewer said. “Even though we have seen farm incomes rise, as well as an improvement in farmer sentiment at the end of 2020, we are still expected to continue to see volatility and uncertainty in the agricultural economy as we move forward. 2021. “
To read the full Purdue Agricultural Economics Report Outlook Issue, visit https://purdue.ag/paer. The report also provides perspectives on the following agricultural themes:
- Agricultural land values and cash rents.
- Trade policy: what should we expect from a Biden administration?
- Agricultural credit: Loans, interest rates, credit market.
- Dairy market: supply chain adjustments, changes in consumption.
- Retail food prices: volatility and uncertainty.
- Purdue’s Crop Cost and Yield Guide.
- Corn and soybean price outlook.
Writer: Kami Goodwin, [email protected]
Source: Brady Brewer, [email protected]