2026-01: PAER Outlook 2026

March 20, 2026

Welcome to the 2026 PAER Outlook issue! This year’s issue is our biggest in years, showcasing the broad range of engagement in Purdue’s Agricultural Economics department. The first part of this issue offers articles that focus on the different aspects of the economy and policy, including the overall economy, trade and regional economic indicators.

The second part of the issue features our traditional agricultural outlook topics with articles focused on the outlook for agricultural commodities and markets, including agricultural land and credit markets. Finally, we close the issue with two articles that make use of new measures to examine Indiana’s economic performance from a community perspective.

This outlook issue offers a snapshot of the analysis and engagement activities of our department’s faculty and staff. Interested readers are encouraged to follow Purdue Agricultural Economics on the web or via social media, as well as the various centers in the department that present their findings via newsletters, social media, the web, podcasts and, of course, published reports throughout the year.

The editors would like to thank our contributors for their hard work in making this issue possible, and we hope the information continues to be useful and thought-provoking for PAER readers. We also encourage readers to stay up to date on the many centers within Purdue’s Agricultural Economics Department.

The Outlook 2026 issue captures a comprehensive snapshot of the department’s efforts to support stakeholders through research and education, advancing the land-grant mission of Purdue Agricultural Economics. We hope this publication provides valuable insights for the year ahead.

Roman Keeney, Associate Professor of Agricultural Economics and Co-editor of Purdue Agricultural Economics Report

Articles in this Publication:

From Assets to Well-being: A Conceptual Framework for Community Vitality

The Outlook for the U.S. Economy in 2026

Learning International Economics the Hard Way

Is There a Future for the U.S. Farm Bill?

The Economic Situation of the North Central Region and a Zoom in on Indiana: An Analysis Using the NCR-Stat Baseline Survey

Employment and Wage Trends in the U.S., the Midwest and Indiana: Overall and in Agriculture

Farm Income Outlook for Indiana

2026 Purdue Crop Cost and Return Guide

Corn and Soybean Outlook

“What to Watch” in Dairy Markets in 2026

2026 Agricultural Credit Outlook

2026 Farmland and Cash Rent Outlook

Caring Stress Index: What is Happening in Indiana and the Midwest?

How is Indiana Doing? Community Vitality and Well-being in the North Central Region

Latest Articles:

The May 2026 CPI and PPI Reports: The Food Price Pipeline Is Loading at Record Rates

June 12, 2026

The May 2026 CPI and PPI data, read together, tell a coherent and analytically arresting story: quiet at the shelf, loading at record rates upstream.

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The April 2026 CPI and PPI Reports: The Food Price Pipeline Is Opening Purchasing Power Under Pressure for Second Consecutive Month

May 18, 2026

The conflict’s direct impact on farm profitability in the 2026 crop year is likely to be modest and uneven. A more significant farm-level reckoning is coming in 2027 if Strait of Hormuz restrictions persist into the fall 2026 input purchasing and spring 2027 planting cycles.

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Food Prices – 2026

May 15, 2026

Hubbell and Balagtas examine data from 2025 and explain the factors that drove changes to food prices. Looking forward, they discuss projections for food prices in 2026 and the policies and events that will affect them.

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