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Economic Tidbits

What Does 2020 Hold for Agriculture?

Last year was a struggle for agriculture on many fronts. Probabilities would suggest 2020 should be an improvement. Like every year, several drivers will influence the roads agriculture travels this year.

Trade relations, economic growth, the value of the dollar, interest rates, global competition, election year politics, and, of course weather, will each take a turn at the wheel. Production, marketing, and business strategies adopted by farmers and ranchers in anticipation and in response to these drivers will ultimately determine production agriculture’s path in 2020. This week, Tidbits will examine a few of these drivers and how they might influence agriculture.

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