Congratulations to FAPRI Associate Director Seth Meyer on being named as the new USDA Chief Economist.
Questions and answers about COVID-19 and how they may impact agriculture will be updated as new information becomes available and additional questions will be added weekly.
This FAPRI-MU report presents a summary of the 10-year market outlook with continued trade friction with China as well as a Phase 1 scenario.
FAPRI-MU Report #06-20: The current calendar year has been marked by one of the largest global shocks in recent history, the spread of the novel coronavirus SARS‐CoV‐2 and its associated disease COVID‐19. This in combination with weather events, trade disputes, and the continued presence of African swine fever (ASF) have resulted in major disruptions to global agricultural markets.
FAPRI-MU Report #05-20: This report utilizes commodity supply, demand and price projections from the FAPRI-MU baseline update released in August 2020 (FAPRI-MU Report #04-20). Historical farm income figures are from USDA’s Economic Research Service and reflect the revision made in early September 2020 to previous estimates of 2019 farm production expenses and farm income.
FAPRI-MU Report #04-20 provides an update of the 2020 FAPRI-MU long-term baseline to reflect information available in mid-August 2020.
We expect to provide estimates of government costs and farm income shortly after USDA releases updated estimates of 2019 farm income on September 2, 2020.