A new year, a new story for ag
It’s a new year, and a new outlook for the ag industry, and an ag economist says uncertainty is going to be the driver behind the ag economy in 2022.
David Widmar is co-founder of Agricultural Economic Insights. “The acreage debate, that’s going to be really key for setting up how big the global age factories and how much might be produced,” he says. “It looks like it’s going to be very, very competitive and of course we’re watching the weather and yields as we’re heading into the year, but of course China’s purchases and how that plays out.”
He tells Brownfield producers will need to outline their expectations for their upcoming year. “What are the things I am putting into my budgets,” he says. “Maybe the commodity prices or my expectations around acreage in 2022? And then what’s the range of possible outcomes that I think are possible?”
He says overall, he’s optimistic the ag economy can build on 2021.