Unforeseen Challenges Forecasted to Influence 2024

Amidst geopolitical conflicts and unpredictable weather affecting commodity prices, agriculture economists remain hopeful in foreseeing a positive outlook for the industry, particularly in terms of protein.

With wars and the weather throwing curve balls at all commodity prices, Dan Basse, ag economist and president of AgResource Company, gives us his best guess on what 2024 will look like. He predicts a promising year for the industry in terms of protein.

“…from where we are sitting here today.”

Data shows that per capita grain yields worldwide have stagnated.

“…and that’s a problem for agriculture.”