Episode 102 of Wheat All About It! features agricultural economist Randy Fortenbery from the Crop and Soil Sciences Dryland Cropping Systems team.
Join Scott Yates, director of Communications and producer relations for the Washington Grain Commission in, “WSU’s Randy Fortenbery Paints a Troubling Economic Picture in Hopeful Colors Part Two” the second of two parts. In this episode, Scott and Randy, the agricultural economist, discuss the handicaps wheat prices for the near term and a year from now, talks about the budding trade war with China and looks at the $12 billion solution USDA will provide farmers if the blocked trade flow isn’t unclogged. Episode 102 finds Fortenbery mining USDA data, including a forecast that anticipates the European Union will become the largest wheat exporter as U.S. market share shrinks. Does market share matter? Fortenbery warns it can. He further cautioned that once disruptions shifts world markets, trade doesn’t necessarily revert to the past if another origin can continue to satisfy demand.