Economy reflects 1980s farm crisis

Bernt Nelson American Farm Bureau Federation
Oct 28, 2024
Oct 28, 2024

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Bernt Nelson American Farm Bureau Federation

Facing tumbling commodity prices and livestock prices that are a mixed bag at best, American farm families are struggling to keep their heads above water. And the farm bill that is supposed to provide a safety net for times like this is not there to protect them. Many aspects of the current economy have us pointed in a direction similar to the farm crisis of the 1980s, but it’s not too late to avoid that.

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Bernt Nelson is an economist with the American Farm Bureau Federation’s Market Intel. Samantha Ayoub is an economics intern. Visit www.fb.org/market-intel for more information.