Staying on Top of Today's Ag Economic Dynamics

Farm4Profit Podcast

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