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:

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:

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

March 23, 2026

The U.S. Farm Bill, as we typically think of it, remains in limbo. Changes to major spending programs on commodities and SNAP were incorporated into the 2025 budget reconciliation act, while remaining programs were left to end-of-year extensions. The uncertainty about returning to a normal farm bill process, coupled with rapidly adjusting trade policies, makes government action a significant source of uncertainty for U.S. agriculture.

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

March 23, 2026

Quantitatively understanding the socio-economic characteristics of an area conveys important information on its capacity for financial self-sufficiency, resistance to economic shocks, and overall quality of living. In this report, we provide key socio-economic information on the states of the North Central region of the United States, with a more careful look at Indiana.

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

March 23, 2026

Measuring employment fluctuations reveals essential information about the economy, particularly when compared with the responses of different areas in the same time frame. For an essential industry like agriculture, observing trends in wages and employment shares conveys important information on the labor market in the short, medium, and long term. In this brief, we analyze key labor market data using data from the Occupational Employment and Wage Statistics (OEWS) from the U.S. Bureau of Labor Statistics.

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