What to Expect from COVID-19 and the Rural Economy

March 2020 - Dan Kowalski

The U.S. economy’s plunge is unprecedented. Volatility in the bond, equity and energy markets has created stress in financial markets, and more stress is likely to come. Q2 could usher in the most severe quarterly contraction on record, and depending on how long social isolation lasts, 2020 could end with zero or negative growth. Agriculture will be somewhat shielded — but not immune — from the extreme volatility, as transportation and labor are areas of concern.