Farm Financial Conditions: Is it the 80’s All Over Again?

Ag Economic Insights

By David Widmar and Brent Gloy

One of the most common questions we have been hearing on our speaking trips goes something like this:  “So is this just a replay of the 1970’s farm boom and subsequent bust in the 1980’s?”   While nobody can say for sure, we feel fairly confident in saying that while today’s farm financial conditions clearly have some similarities to the 1980’s it is also quite different in many respects.  That does not mean that this downturn won’t end poorly, just that several of the drivers and factors that led to the previous boom and bust are quite different than those at play today. Continue reading