Overview
- Changes in the macroeconomy have major effects on agriculture.
- The main factors linking agriculture to the U.S. and global macroeconomy
are exchange rates, international trade, foreign and domestic income, rural employment,
interest rates, and energy costs.
- International and domestic macroeconomic
shocks can cause major changes in the values of these
variables, resulting in changes in a country's agricultural
prices, production, consumption, and trade.
ERS provides research and analysis on the effects of macroeconomic conditions on U.S. and international agriculture.
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