April 17, 2020

2020-04 Purdue Agricultural Economics Report (PAER)

by: Jayson Lusk, Renee Wiatt, Maria Marshall, Farzard Taheripour, James Mintert, Mindy Mallory, Michael Langemeier, Larry DeBoer, Chinonso Ezenwa Etumnu, Ahmad Zia Wahdat, Michael Gunderson, Kami Goodwin, and Linda Klotz.

In this Purdue Ag Econ Report (PAER) special edition, we look at COVID-19 impacts on agriculture and related topics, including:

  • Retail food markets
  • SBA help for business
  • Ethanol demand
  • U.S. soybean and wheat exports
  • Threats to local government revenue
  • Online grocery pricing
  • Consumption and risk behavior after natural disasters

ARTICLES WITHIN PUBLICATION:

Retail Markets Get a Boost During COVID-19

April 13, 2020

The declaration of a national emergency on March 13, 2020 by President Donald Trump, and the corresponding state stay-at-home measures, caused significant disruptions in retail food markets. Consumers turned to grocery stores and supermarkets, where the increase in demand, coupled with concerns about future reduced mobility and scarcity, led to a surge in foot traffic and sales.

Read More

SBA Help for Small (and Family) Businesses

April 13, 2020

The President has signed the CARES (Coronavirus Aid, Relief, and Economic Security) Act into law. The CARES Act provides potential relief for employees and businesses.

Read More

COVID-19 Weakens Ethanol Demand Leading to Reduction in Corn Usage Forecast

April 13, 2020

The decline in oil and gasoline prices that started prior to the advent of COVID-19, combined with weak consumer demand for gasoline as a result of recent orders for consumers to shelter in place and the U.S. economy’s descent into recession, makes it clear that corn usage will be much lower than was forecast earlier this year.

Read More

Short-Term Effects of COVID-19 on U.S. Soybean and Wheat Exports

April 13, 2020

Consideration of very near term impacts the COVID-19 crisis could have on U.S. exports of soybeans and wheat. Exports of soybeans and wheat especially could be impacted by two aspects of the crisis: case flare-ups during peak seasonal export times for major exporters and geopolitical tensions sparked by the virus.

Read More

Changing Crop Net Return Prospects

April 13, 2020

COVID-19 has resulted in widespread changes in crop and livestock prices. This article discusses the change in net return prospects for corn and soybeans that has occurred since late January, and compares net farm income per acre for 2020 to net farm income for recent years.

Read More

Threats to Local Government Revenues from the Coronavirus Recession

April 13, 2020

The coronavirus recession is upon us. Unemployment is rising to double-digits, incomes are falling, and spending on non-essential products has dropped. Many people are sick; many more people face hardships.

Read More

COVID-19 and Online Grocery Prices

April 13, 2020

Will the COVID-19 pandemic cause an increase in online grocery buying? The current global pandemic has resulted in stay-at-home orders and shutdowns in several parts of the United States, which suggests a likely increase in grocery e-commerce.

Read More

Specialty Farm Households’ Consumption and Risk Behavior After Natural Disasters

April 13, 2020

The wet spring and summer of 2019 and 2020, along with COVID-19, could have a compounding negative effect on farm income in the Midwest. A natural question that arises is whether farm income losses have implications for farm household consumption and well-being.

Read More

TAGS:

TEAM LINKS:

RELATED RESOURCES

Explaining Fluctuations in DDG Prices

June 26, 2020

To help explain fluctuations in distiller’s dried grains (DDGs) prices, this article examines the relationship between DDG prices, and corn and soybean meal prices.

READ MORE

Comparison Of Conventional Crop Rotation With An Organic Forage-Based Crop Rotation

June 26, 2020

This article compares the long-run net returns to land of a conventional corn/soybean crop rotation to an organic forage-based crop rotation that includes corn, soybeans, oats, and alfalfa.

READ MORE

Comparison of Conventional Crop Rotation with an Organic Forage-Based Crop Rotation (Spreadsheet Tool)

June 24, 2020

This spreadsheet compares conventional crop rotation with an organic forage-based crop rotation over a ten-year horizon.

READ MORE

UPCOMING EVENTS

Ag Outlook Webinar

July 13, 2020 at 12:30 p.m. EDT | Join us online, it’s free! Purdue agricultural economists Michael Langemeier and James Mintert will provide an updated ag outlook.

Read More

Coronavirus Food Assistance Program Application Details

May 27, 2020

USDA’s Farm Service Agency is accepting applications for the Coronavirus Food Assistance Program (CFAP) from producers who have suffered losses. Indiana FSA Director Steve Brown and staff join Jim Mintert for a discussion on eligibility requirements, payment rates and application details of the 2020 CFAP program.

READ MORE

2019-08 PAER: 2019 Farmland & Cash Rent Issue

August 5, 2019

News reports about the farmland market during the first half of the year called attention to the ability of top quality farmland to retain its value, while lower quality land seemed to be weakening But across all farmland qualities the limited supply of farmland for sale was pointed to as the primary reason for relative stability in farmland values. What is the situation and outlook in Indiana now?

READ MORE

2019 Indiana Farm Custom Rates

June 8, 2019

The rates reported in this publication were compiled from questionnaires received from farmers, farm owners, farm custom operators, and professional farm managers in Indiana.

READ MORE

Delivered right to your inbox

Don't miss our farm management program and resource updates! Receive our Commercial AGNews monthly newsletter - view the latest email here.