UACES Facebook Global Economy, Trade and Mother Nature Driving Agriculture Markets
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Food and Agribusiness Webinars

Webinar Series Produced by University of Arkansas System Division of Agriculture


Host and Interviewer

Bobby Coats
Professor - Economics

University of Arkansas System Division of Agriculture
Department of Agricultural Economics and Agribusiness

Executive Producer

Mary Poling
Coordinator of Interactive Communications

University of Arkansas System Division of Agriculture
Office of Information Technology

Global Economy, Trade and Mother Nature Driving Agriculture Markets

by Bobby Coats - February 21, 2019

Agriculture and rural America will face significant challenges in 2019-20 as the U.S. and global economies slow and trade uncertainties continue. Large commodity supplies and slowing demand growth will put much of the potential for market opportunities in the hands of mother nature as producers realign their acreage intentions. Financial stress in some regions and commodities is likely to continue and increase the focus on cost control, marketing strategies and realignments in food, fiber and agriculture supply chains.

Terry Barr, Senior Director for CoBank’s Knowledge Exchange Division

Terry Barr, a nationally recognized economist, is senior director for CoBank’s Knowledge Exchange Division, an information- and knowledge-sharing initiative created in 2009. Knowledge Exchange draws on the expertise & insights of customers, experts within the bank and people from across the Farm Credit System to develop industry-specific strategic information & research. Dr. Barr’s principal focus is assessing the interactions between the U.S. & global economy and the global food, energy, fiber and agriculture markets. Particular emphasis is placed on factors shaping the rapid structural transformation of U.S. agriculture and agribusiness and the implications for commodity markets, trade, farmer cooperatives and rural infrastructure. Previously, Dr. Barr served as chief economist for the National Council of Farmer Cooperatives in Washington, DC. Prior to joining NCFC, Terry held several positions during a 14-year tenure at the U.S. Department of Agriculture. He served as chairman of the World Agricultural Outlook Board, which is responsible for coordinating USDA’s commodity forecasts and for publishing its monthly World Agricultural Supply and Demand Estimates. He also served in the Office of the Secretary of Agriculture as director of economic analysis, where he prepared economic analyses and assessments of the impacts of alternative farm policy options & decisions. Terry holds a doctorate in economics from Washington State University.