Welcome to our annual outlook issue of the Purdue Ag Econ Report (PAER), where we look back at last year and ahead at economic conditions for agriculture in 2020.
The past year brought a number of challenges for Indiana agriculture, weather being at the top of the list. Rain and flooding impacted the ability to get into fields, and led to difficult decisions about whether to delay planting or take prevented planting insurance. These delays then led to a late harvest. While weather had significant effects in different parts of the state; nationwide, there were only modest improvements in commodity prices.
Looking ahead, there continues to be uncertainty in trade policy and the macroeconomic environment. African Swine Fever in China is having, and will likely continue to have, major impacts in global markets. As a result of this and other factors, global food prices are on the rise, although domestic food price inflation is projected to remain low.
In the following PAER articles, Agricultural Economics Faculty at Purdue provide insight on these and other issues, including land values, rental rates, and agricultural policy.
– Jayson Lusk, Distinguished Professor and Head of the Department of Agricultural Economics
New income opportunities can be a good fit for a farm or ranch, but they still need to work with the operation. LandTrust gives landowners another way to generate income from their property through guest experiences. Before adding a visitor experience, consider: • What areas of the property guests could access • How hosting would fit the… Potential On Farm Additional Revenue Streams
Team Spotlight ➡️ Sonora Zaugg, Farm Management Associate Meet Sonora, a vital part of our team here at Root Ag Advisory. She plays a key role in supporting both permanent and row crop operations, with hands-on experience in asset management, budgeting, financial reporting, and property oversight. Lately, she’s been serving as a water liaison, representing… Employee Spotlight: Sonora Zaugg
Root Agricultural Advisory
2670 S. Eagle Rd. Meridian ID 83642
(208) 753-2333 info@rootagadvisory.com
