In the areas of farm management and finance, professors Michael Langemeier and Nicole Olynk Widmar forecast that crop and dairy producers should expect to see increasing input costs and a squeeze on margins in 2022.Īdditional articles in the issue focus on topical areas where COVID-19 and inflation are not primary concerns however, their effects are still being felt. Maria Marshall, professor and the Jim and Lois Ackerman Endowed Chair of Agricultural Economics, identifies the challenges that inflation places on households, especially those in rural areas, as they relate to childcare and employment. Larry DeBoer, professor emeritus, examines the role of inflationary expectations on the broad economy, asserting that price increases in 2021, as well as how continued COVID-19 complications may have a continued negative effect on economic recovery. Jayson Lusk, Purdue University Distinguished Professor of Agricultural Economics, tackles the issue of increasing food prices in the coming year, suggesting that slowing government spending may slow the rate of inflation. For 2022, Purdue experts cite inflation and COVID-19 uncertainty as key issues impacting food prices, general economy performance, farm costs and returns, farm financials and household economics. – The Purdue Agricultural Economics Report ’s annual outlook issue identifies key factors that may affect the agricultural economy in the coming year.
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