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The Downturn in Agriculture: Implications for the Midwest and the Future of Farming

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Abstract

Prices for key agricultural products have fallen from their peaks in recent years, while input costs have not fallen as much. Consequently, many farm operations in the Midwest have had lower revenues and thinner profit margins?and some even losses. On November 29, 2016, the Federal Reserve Bank of Chicago held a conference to examine the agricultural downturn in the Midwest and discuss future directions for farming.

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  • David B. Oppedahl, 2017. "The Downturn in Agriculture: Implications for the Midwest and the Future of Farming," Chicago Fed Letter, Federal Reserve Bank of Chicago.
    • Handle: RePEc:fip:fedhle:00063
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    Cited by:

    1. , 2019. "Agricultural Cycles and Implications for the Near Term: Agricultural Symposium 2019," Economic Review, Federal Reserve Bank of Kansas City, issue Special I, pages 5-25, July.

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    Keywords

    Agriculture; farms;

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