2020-12 PAER: Agricultural Outlook for 2021

December 9, 2020

Download Full Report (PDF)

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:

Farmland Values and Cash Rent

Author: Todd Kuethe, Associate Professor and Schrader Endowed Chair in Farmland Economics

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

Author: Russell Hillberry, Professor of Agricultural Economics

2021 Agricultural Credit Outlook

Authors: Brady Brewer, Assistant Professor and Todd H. Kuethe, Associate Professor and Schrader Endowed Chair in Farmland Economics

An uncertain horizon for farm policy

Authors: Roman Keeney, Associate Professor

The Dairy Marketplace: Reflections on 2020 and factors to watch in 2021

Author: Nicole Olynk-Widmar, Professor of Agricultural Economics

Retail Food Price Outlook

Author: Jayson L. Lusk, Department Head and Distinguished Professor of Agricultural Economics

2021 Purdue Crop Cost and Return Guide

Authors: Michael Langemeier, Professor of Agricultural Economics and Craig Dobbins, Professor of Agricultural Economics

Providing Some Perspective on the Corn and Soybean Markets

Author: James Mintert, Professor and Director of the Center for Commercial Agriculture

The General Economic Outlook

Author: Larry DeBoer, Professor of Agricultural Economics

Download Full Report (PDF)

Go Back to PAER Main Page

Latest Articles:

The Outlook for the U.S. Economy in 2024

January 16, 2024

Professor DeBoer explains why so many economists predicted recession in 2023 and why it didn’t happen. His analysis indicates slowed growth in 2024 from reduced spending but that recession could be avoided.

READ MORE

Trade and trade policy outlook, 2024

January 16, 2024

Professor Hillberry reviews trade and trade policy developments from 2023 including responses to the Russia-Ukraine war. Looking ahead he identifies the potential for trade disputes and how the election may shape US merchandise and agriculture trade.

READ MORE

Will 2024 bring a new Farm Bill?

January 16, 2024

Congress failed to pass new farm legislation in 2023, instead continuing the 2018 Farm Bill for one more year. In a 2024 election year, the time to produce a new five-year bill for agriculture may be short.

READ MORE

Visit Purdue Ag Econ

Visit PAER Main Page

Delivered right to your inbox

The Purdue Agricultural Economics Report is a quarterly publication written by faculty and staff from the Department Agricultural Economics at Purdue University.

By joining this mailing list, you will receive an email when a new publication is released. This mailing list is kept solely for the purpose of sharing the report and is not used for any other purposes.