January 18, 2021
IARN Following a challenging year in 2020, farm economists continue to provide outlooks for the Ag sector in 2021.
During the American Farm Bureau Federation’s virtual convention, AFBF livestock economist Michael Nepvuex discussed several issues that are expected to impact US livestock production this year. One of the top factors that could influence farm profitability is relations with China, according to Nepvuex.
“The first on my list is the big elephant in the room and that is China,” Nepvuex said. “Are they going to continue to demand the level of animal protein that they have over the last few years? Looking back to what is driving these increases is actually going back to 2018 and the outbreak of African Swine Fever within the country. This was in the news for several years. It seems like there has been so much going on with trade wars this past year that this slipped into the back of a lot of people’s minds. It’s still very much a driver in t
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