Ag economist: Commodity prices
cyclical, but unpredictable
July 15, 2010
What goes around comes around, even with commodity prices. Prices climb unusually high and then drop quickly about every 30 years, said Chris Hurt, a Purdue University agricultural economist. The price spikes often are brought on by wars and currency devaluation - unexpected events that are difficult to predict, he said.
Hurt will discuss price spike cycles during a session of Top Farmer Crop Workshop. The 43rd annual workshop, hosted by Purdue Extension and Purdue's Department of Agricultural Economics, will take place July 18-21 in the Pfendler Hall Deans Auditorium on Purdue's West Lafayette campus and at Purdue's Agronomy Center for Research and Education, located west of campus.