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Economist Warns Of A Prolonged Soft Farm Economy

Most, if not all in the Ag industry, would agree that 2019 was a rough year. In fact, for many, 2018 and 2017 weren’t much better. However, according to a variety of surveys and polls, many in farm country are feeling more positive about the road the Ag industry is on in 2020. But one economist says he’s not looking at 2020, but well beyond.


Nathan Kauffman economist for the Federal Reserve says it’s not the next 12 months that have the lion share of his focus…



Kauffman says if the farm economy as a whole does not see some changes for the positive between now and 2025, stress and pressures will continue to build, requiring a much larger correction. So, what happens if things don’t turn around in the next five years? Kauffman had one word; consolidation…



And Kauffman anticipates if the farm economy does not turn around in the coming years, it will continue be the mid-sized farm that feels the greatest pressure.

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