Staying on Top of Today's Ag Economic Dynamics
We dive deep into the intricate world of agricultural economics with our guest, David Widmar. David, an agricultural economist and co-founder of Ag Economic Insights, brings a wealth of expertise in ag trends and farm economy. Today, we'll explore the current "state of the union" for agriculture, examining key factors shaping the industry, strategies for rebound, and contrasting today's landscape with past challenges, like those of the 1980s. We'll also explore the evolving global food systems, changing consumer preferences, labor market dynamics, trade policies, environmental challenges, rural development, and the integration of digital technologies like blockchain.
Farm4Profit Podcast · David Widmar
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Show Notes
Fastline: 1:00
Economics Show 10:00
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Guest:David Widmar
- Agricultural economist specializing in ag trends and the farm economy
- Co-founded Ag Economic Insights in 2014
- Prior: Researcher with the Department of Agricultural Economics at Purdue
- Who is Ag Economic Insights?
- History, Mission, Vision
- Founded in 2-14 by Dr. Brent Gloy and David Widmar
- Began writing weekly articles focused on insights
- Regularly spoke at famr and agribusiness events
- Provides the Crop Budget Outlook
- What is the current “state of the union” for agriculture?
- What have been some key factors that have led us to where we are?
- What needs to happen to help things rebound?
- How does now differ from the “80’s”?
- How are global food systems evolving in response to population growth, urbanization, and changing dietary preferences?
- How are changing consumer preferences influencing agricultural production and marketing strategies, and what opportunities do these trends present for farmers and food producers?
- How are demographic shifts and labor market trends influencing the availability and composition of the agricultural workforce, both domestically and internationally?
- What role do immigration policies play in shaping the labor supply and demand dynamics in agriculture, and how might they evolve in the future?
- How have trade policies and international relations affected the agricultural markets and trade flows?
- How are policies and incentives evolving to address environmental challenges such as soil degradation, water scarcity, and greenhouse gas emissions from agriculture?
- What are key challenges and opportunities for rural development in agricultural regions, particularly in terms of infrastructure, access to markets, and rural poverty alleviation?
- How are digital technologies such as blockchain being used to improve supply chain efficiency and traceability in agriculture?
- Looking ahead, what do you see as the most promising opportunities and potential disruptions in agricultural economics, and how can stakeholders prepare for the future?
- What did we miss?
- Summary and Challenge
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Don’t forget to like the podcast on all platforms and leave a review where ever you listen!
Website: www.Farm4Profit.com
Shareable episode link: https://intro-to-farm4profit.simplecast.com
Email address: [email protected]
Call/Text: 515.207.9640
Subscribe to YouTube: https://www.youtube.com/channel/UCSR8c1BrCjNDDI_Acku5Xqw
Follow us on TikTok: https://www.tiktok.com/@farm4profitllc
Connect with us on Facebook: https://www.facebook.com/Farm4ProfitLLC/
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