2020-12 PAER Agricultural Outlook for 2021

December 9, 2020

Welcome to our annual outlook issue of the Purdue Ag Econ Report (PAER), where take a look back over the previous year and also a look ahead at the economic conditions we can expect for the agricultural sector for 2021.

This past year was filled with a lot of uncertainty in the agricultural markets. A lingering trade war, weather issues, and the COVID-19 pandemic, impacted prices and brought change to all parts of the agricultural value chain. These issues continue to impact the markets now and likely into 2021.

In the following PAER articles, Agricultural Economics Faculty at Purdue University provide insight on the critical issues facing farmers and the agricultural value chain in 2021.


Brady Brewer

Assistant Professor of Agricultural Economics

Purdue Ag Econ Report Contributor & Editor

Articles in this Publication:

Latest Articles:

The General Economic Outlook

December 10, 2020

We know the economy will recover in 2021. Everything else is uncertain. How fast will we get the pandemic under control? How fast will consumers regain their confidence? Will Congress pass another aid bill? Professor Larry DeBoer takes a leap into the unknown, with a general economic outlook.


Farmland Values and Cash Rent

December 9, 2020

There are number of signs of optimism for farmland prices in 2021, yet continued economic uncertainty remains. Cash rental rates are likely to see upward pressure despite recent low or negative returns on rented land.


Trade Policy Outlook: What should we expect from a Biden Administration?

December 9, 2020

U.S. international trade policy played a surprisingly small role in the presidential election campaign. What changes to trade policy should we expect from President-elect Biden?


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