Agriculture is counting on pent-up demand for its recovery
Share Now on:
Back in April 2020, Brian Duncan was not feeling optimistic.
“The COVID curveball, if you want to call it that, was really hard on agriculture,” said Duncan, who is a hog, soybean and corn farmer, as well as vice president of the Illinois Farm Bureau. “We saw demand destruction occur all over the place, from usage of biofuels, to consumption of animal proteins at restaurants, and other countries around the world having economic difficulties, which led to a slowdown in exports.”
But now Duncan is feeling more optimistic, partially because the outlook for the pandemic is improving.
“We see some hope that positivity rates continue to decline,” Duncan said. “I’m hoping that people are waiting for the opportunity to rush out to restaurants and take those trips that maybe they weren’t able to take last year.”
“Marketplace” host Kai Ryssdal spoke to Duncan about the farming economy in Illinois.
To hear the full interview, click the audio player above.
Marketplace is on a mission.
We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.
Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?