Purdue Economist: From 'Grain Era' to 'Livestock Era'
Purdue University ag economist Chris Hurt describes the period of 2007 to 2013 as the "Grain Era," in which crop sector incomes had "an extraordinary run." He says we are now entering a multi-year "Animal Era," which will be a positive period for animal agriculture.
Hurt says this positive period of expansion of herds and flocks in animal agriculture will also be economically good for rural communities with large numbers of livestock, along with businesses that carry animal management supplies. "Animal industries are expected to rebound in coming years led by rising per-capita consumption, continued small growth in U.S. population and growing export demand," he said. "The animal industries finally have a positive multi-year outlook."