2026 U.S. Agricultural Market Outlook
March 26, 2026
FAPRI-MU Report #01-26 presents a summary of 10-year baseline projections for U.S. agricultural markets,...
Patrick Westhoff
Emeritus Professor
Areas of Expertise:
- Agricultural Markets and Policies
About Pat
Patrick Westhoff is an Emeritus Professor and the former director of the Food and Agricultural Policy Research Institute at the University of Missouri (FAPRI-MU). He had also previously served as the Howard Cowden Professor of Agricultural and Applied Economics in the MU Division of Applied Social Sciences.
He is a native of Manchester, Iowa, where he grew up on the family dairy farm. He has a B.A. in political science from the University of Iowa, an M.A. in Latin American studies from the University of Texas, and a Ph.D. in agricultural economics from Iowa State University.
Dr. Westhoff served in the Peace Corps in Guatemala from 1979-81, and later worked with FAPRI at Iowa State University. From 1992-1996, he served as an economist with the staff of the U.S. Senate Committee on Agriculture, Nutrition, and Forestry.
He joined FAPRI-MU in 1996 and has worked on a range of projects in the United States, Europe, Africa, and Latin America.
Outside Publications
- Westhoff, Patrick, Jarrett Whistance, Joseph Cooper, & Seth Meyer. “Impacts of Russia’s Invasion of Ukraine on U.S. Agriculture.” Choices. Forthcoming in 2023.
- Westhoff, Patrick, Marc Rosenbohm, Youngjune Kim, & Benjamin Brown. “The Sector-Level Safety Net Provided by the Current Mix of Farm Programs.” Applied Economic Perspectives and Policy, 44(Number 3, 2022): 1204-1221. Available online: https://doi.org/10.1002/aepp.13273.
- Meyer, Seth & Patrick Westhoff. “Estimates of Farm Income and the Outlook for Program Crops and Livestock, Pre- and Post-COVID-19.” Choices, (Quarter 3, 2021). Available online: https://www.choicesmagazine.org/choices-magazine/theme-articles/agricultural-market-response-to-covid-19/estimates-of-farm-income-and-the-outlook-for-program-crops-and-livestock-pre–and-post-covid-19.
- Bureau for Food and Agricultural Policy (Patrick Westhoff was a collaborator). “BFAP 2020 Baseline Agricultural Outlook, 2020-2029.” Pretoria: University of Pretoria, November 2020.
- Westhoff, Patrick, Tracy Davids, & Byung Min Soon. “Impacts of Retaliatory Tariffs on Farm Income and Government Programs.” Choices, (Quarter 4, 2019). Available online: http://www.choicesmagazine.org/choices-magazine/theme-articles/the-economic-impacts-of-trade-retaliation-on-us-agriculture-a-one-year-review/impacts-of-retaliatory-tariffs-on-farm-income-and-government-programs.
- Soon, Byung Min, Patrick Westhoff, Sukho Han, & Wyatt Thompson. “The Use of Price Elasticity to Estimate Future Volatilities in Stochastic Simulation: An Application to the Korean Rice Market.” Journal of Rural Development, 42(Special Issue, December 2019): 19-41.
- Westhoff, Patrick, & Abigail Meffert. “Missouri Agricultural Outlook.” 2020 Missouri Farm Financial Outlook. University Extension and Department of Agricultural Economics, University of Missouri, Columbia, MO, November 2019, pp. 15-19. Additional articles in the same publication:
“The Farm Bill and Government Support to Missouri Farmers,” pp. 49-51.
“Trade Issues and the Market Facilitation Program,” pp. 52-54. - Bureau for Food and Agricultural Policy (Patrick Westhoff was a collaborator). “BFAP 2019 Baseline: An Agricultural Outlook for South Africa.” Pretoria: University of Pretoria, August 2019.
- Ghosh, Parijat, Patrick Westhoff, & Deepayan Debnath. “Biofuels, Food Security, and Sustainability.” Biofuels, Bioenergy and Food Security: Technology, Institutions and Policies. Edited by Deepayan Debnath and Suresh Chandra Babu. London: Academic Press, 2019, pp. 211-229.
- Soon, Byung Min, Patrick Westhoff, & Wyatt Thompson. “The Impact of Potential Korea-U.S. Free Trade Agreement Renegotiation on the Korean Rice Market and Trade.” Journal of Agricultural and Applied Economics, 51(Issue 3, 2019): 434-449.
- Thompson, Wyatt, Joe Dewbre, Simone Peiralli, Kateryna Schroeder, Ignacio Pérez Domínguez, & Patrick Westhoff. “Long-term Crop Productivity Response and its Interaction with Cereal Markets and Energy Prices.” Food Policy, 84 (2019): 1-9.