Staying on Top of Today's Ag Economic Dynamics

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 2014Prior: Researcher with the Department of Agricultural Economics at PurdueWho is Ag Economic Insights?History, Mission, VisionFounded in 2-14 by Dr. Brent Gloy and David WidmarBegan writing weekly articles focused on insightsRegularly spoke at famr and agribusiness eventsProvides the Crop Budget OutlookWhat 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