Staying on Top of Today's Ag Economic Dynamics

Episode Notes

Fastline: 1:00

Economics Show 10:00

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Guest:David Widmar

  • Agricultural economist specializing in ag trends and the farm economy 

  • Co-founded Ag Economic Insights in 2014

  • Prior: Researcher with the Department of Agricultural Economics at Purdue

  • Who is Ag Economic Insights?

  • History, Mission, Vision

  • Founded in 2-14 by Dr. Brent Gloy and David Widmar

  • Began writing weekly articles focused on insights

  • Regularly spoke at famr and agribusiness events

  • Provides the Crop Budget Outlook

  • What is the current “state of the union” for agriculture?

  • What have been some key factors that have led us to where we are?

  • What needs to happen to help things rebound?

  • How does now differ from the “80’s”?

  • How are global food systems evolving in response to population growth, urbanization, and changing dietary preferences?

  • How are changing consumer preferences influencing agricultural production and marketing strategies, and what opportunities do these trends present for farmers and food producers?

  • How are demographic shifts and labor market trends influencing the availability and composition of the agricultural workforce, both domestically and internationally?

  • What role do immigration policies play in shaping the labor supply and demand dynamics in agriculture, and how might they evolve in the future?

  • How have trade policies and international relations affected the agricultural markets and trade flows?

  • How are policies and incentives evolving to address environmental challenges such as soil degradation, water scarcity, and greenhouse gas emissions from agriculture?

  • What are key challenges and opportunities for rural development in agricultural regions, particularly in terms of infrastructure, access to markets, and rural poverty alleviation?

  • How are digital technologies such as blockchain being used to improve supply chain efficiency and traceability in agriculture?

  • Looking ahead, what do you see as the most promising opportunities and potential disruptions in agricultural economics, and how can stakeholders prepare for the future?

  • What did we miss?

  • Summary and Challenge

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