Financial crisis delivers
indirect blow to agriculture
August 10, 2011
By Jennifer Stewart
While the uncertainty on Wall Street directly affects the financial sector, a Purdue Extension agricultural economist says it's the indirect consequences coupled with weather concerns that has the agriculture industry on edge.
Agriculture, with the exception of livestock, has been more resistant to recession, said Mike Boehlje. Much of the demand for U.S. grain comes from the mandated use of ethanol and in exports, which have recovered more quickly in recent years than has domestic demand.