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Is the US Agricultural Sector Recovering from COVID-19?

Lee Schulz and Chad Hart

Center for Agricultural and Rural Development (CARD) Publications from Center for Agricultural and Rural Development (CARD) at Iowa State University

Abstract: The COVID-19 pandemic has lowered the prices of US agricultural products, forced significant shifts in supply chains, and disrupted markets. Earlier this year, the livestock sector was hit significantly hard as processing facilities dealt with large COVID-19 outbreaks that reduced the availability of labor and created backups in the supply chain. To explore the extent of recovery in the US agricultural sector, Schulz and Hart examine USDA's most recent meat, corn, and soybean projections. The data show mixed results for US agricultural products-the prices and projections for some products are down, while others are up from the last outlook.

Date: 2020-10
New Economics Papers: this item is included in nep-agr
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