The economy and agriculture markets could be kinder to farmers next year.
That’s according to Purdue University Agricultural Economics Professor Christopher Hurt, who spoke during the Indiana Farm Equipment and Technology Expo Wednesday.
Strong yields, changes in trade policies, and tariffs lowered prices for farmers across the state this year.
"I think we have a general tone to some better prices in 2019 than we did in 2018," Hurt says.
Hurt says farmers have generally lowered their per acre production costs by delaying large purchases and more carefully managing their fields.
Despite a better outlook, Hurt says profits might still be hard to achieve in 2019.That’s especially true for soybean farmers, who largely depend on exports to China.
