Economic Tidbits

Black Swans

Black swans are unpredictable events beyond what is normally expected and have potentially severe consequences. By definition, they are rare. The last few years have seen such events impact Nebraska agriculture: a blizzard, late spring rains, and floods in 2019; COVID-19 in 2020; rolling electricity blackouts and cybersecurity attacks in 2021. Is another black swan lurking in 2022?

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