Learn about innovative farm management strategies, new technologies for improving efficiency and productivity, ways to ensure a successful transition of farm operations to the next generation. Join us at the 91st annual Purdue Farm Management Tour and reception honoring the 2024 Indiana Master Farmers in Randolph County (Winchester), Indiana on Wednesday, July 17th.
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General Farm Management & Strategy
I want to talk today very briefly or concisely about “when do farm booms become bubbles?” We’ll start by reinforcing the idea we just heard that agriculture’s history has some remarkable periods of booms and busts in it. Part of that can be explained by the heavy capital intensity of the agricultural economy.
Read MoreRapid increases in agricultural incomes and asset values have brought back memories of previous booms and busts. Henderson, Gloy, and Boehlje (2011) chronicled previous agricultural booms and busts noting that they have often corresponded to rapid expansions and contractions of agricultural exports.
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