Ag Economy - Quarterly

The Ag Globe Trotter

Dr. David M. Kohl

Welcome to the quarterly editions of The Ag Globe Trotter  by Dr. Dave Kohl.

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  • Business and Financial IQ
    In sports there is considerable discussion surrounding the birth of championship teams. These teams often have a nucleus of players and coaches with high football, basketball or hockey IQ.
  • Farmland and Ranchland Perspectives
    One of the major questions posed during conferences and schools in recent years is why land values have not crashed, similar to what was experienced in the 1980s. What is different this time?
  • Disney and Agricultural Leadership
    While some may wonder how a trip to the Disney complex relates to the management of farms and ranches, there are actually several connections.
  • The Seasons of Agriculture
    With the close of 2017, it’s important to examine the trends and events that are impacting the agriculture industry. It’s time to raise the periscope to view the drivers of change next year and beyond. Thus, let’s follow the cycles.
  • Megatrends 2018 to 2025
    The terms “perceptual acuity” and “20/20 foresight” stuck in my mind during an impromptu brainstorming session at a recent agricultural conference. At this casual meeting, the intellectual energy flowed like water, and bounced around to a wide range of topics. I jotted down notes on a napkin, capturing some of which were macro factors while others were at the grassroots level. Let’s take a look at some thoughts that emerged from this informal power session.
  • Views from the Road
    From interactions and discussions with producers, lenders, government agencies and agribusinesses around the country, several pertinent trends to examine appear. These observations point to the state of the state of agriculture, and to changes transforming the landscape of today’s industry. As we approach the quarter-century mark of 2025, it is important to review agriculture’s recent economic evolution as well as emerging trends that will carry the industry into the future.
  • World Economics at a Crossroad
    Today, the economics of agriculture, as well as the general economy, stand at a crossroad with uncertainty in each direction. Further, the propensity and magnitude of change in agriculture and rural sectors add to the unknown. As we attempt to plan around those unknown elements, it is useful to identify the most likely sources of disruption and change.
  • Observations
    Over the course of the year, I observed the changing landscape of agriculture. Through my travel, networking, presentations and participation in numerous events, I witnessed the dynamics and shifts in different sectors of the industry.
  • Slow Growth Orbit
    Today’s economic realities show sporadic as well as weak growth, both domestically and internationally. In agriculture, economic challenges are magnified as the industry continues to adjust after the recent years of stellar economic growth and the commodity super cycle.
  • Millennial Mindset
    Oh millennials! Those individuals18 to 34 years of age are changing the world. The millennial generation now numbers over 80 million and demographically have become the “pig in the python” exceeding the baby boomer generation, or those born between 1946 in 1964.