Ad Astra Brands

Ag economist predicts “softer landing” for prices compared to last downturn

SHARE NOW

Is the ag economy heading toward a downturn similar to what occurred a decade ago?  An extension economist suggests the answer is yes and no.

Chad Hart with Iowa State University says commodity prices in 2023 remind him of 2013.

“So we know things are tightening up.”

He tells Brownfield leaner times are ahead, but not as lean compared to 2015 through 2019.

“And I think that’s one of the big keys even as I look at USDA’s numbers.

Ag economist predicts “softer landing” for prices compared to last downturn