The future has a way of bringing surprises that no one anticipates. What will farm input costs be a year from now? What will our farm commodities be selling for in 12 months? Still, it is possible to identify potential game changers. For instance, American ethanol production has been a game changer you could see developing well in advance.
We’ve had a taste of other game changers. For example, it’s widely expected that energy prices will resume an upward trajectory over the medium to long term, and that will affect agriculture in many ways. We touch on changes to plant genetics, trends in food consumption, as well as game changers that are more local and personal.
There are usually more questions than answers as you try to predict the future, but it’s still important for farm operators to gaze into a crystal ball whenever they get the chance. The details may be murky, but you can sometimes glimpse the broad outline of how the future will emerge and then make adjustments accordingly.
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