Strategic risk and its long-term impact on production agriculture

An ag economist says it’s more important than ever for producers to manage strategic risks.

Michael Langemeier is the Associate Director of Purdue University’s Center for Commercial Agriculture.

“These are shocks,” he said. “Things like political upheaval, government policy shocks, changes in interest rates, and obviously the increase in input costs that we saw in 2022.”

He tells Brownfield strategic risks have long-term impacts, and farmers and ranchers must prioritize increasing resilience.

…