Farm prices likely to stay low in 2020

Nova Safo Dec 27, 2019
HTML EMBED:
COPY
David McNew/Getty Images

Farm prices likely to stay low in 2020

Nova Safo Dec 27, 2019
David McNew/Getty Images
HTML EMBED:
COPY

China’s pullback from U.S. crop purchases this year came as a blow to some farmers, on top of already low prices. But even though China may buy more soybeans and other farm products as part of an interim trade deal, experts don’t think crop prices will bounce back much next year. That’s because more land is expected to come back into production in 2020, meaning supply may rise along with demand.

Click the audio player above to hear the full story.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.