Agricultural Economic Insights

To say 2024 has been challenging for farmers and the agricultural sector may be an understatement.   “It has been interesting, lots of unexpected turns and uncertainty, and it's going to set us up for even more uncertainty and surprises into 2025," noted Dave Widmar, economist and managing partner with Agricultural Economic Insights.  "It's a ...

One of the consumer trends that makes the dairy industry nervous is the decline in per capita milk consumption.  Americans drank 250 pounds per person in 1975, but consumption has steadily dropped over the decades, reaching only 130 pounds in 2022.  ...

As we wrap up 2022, many commodity prices are holding strong, despite bouts of volatility.  Dave Widmar, ag economist with Agricultural Economic Insights, said he expects the farm economy’s strength to continue into the New Year.   "In ge...

The total number of global crop acres rose by 73 million during the last two years. Agricultural Economic Insights first observed an uptick in global acreage in 2020. The number of acres had trended sideways because of sluggish commodity prices and profitability from 2014 through 2019 ...