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IL Farm Economics Update: Impact of the Current Financial Crisis on the Ag Economy


Many of us from University of Illinois Extension are involved with economics -- whether it's family economics or health economics or agricultural economics. Some colleagues of ours have recently posted a series of articles that you may be interested in. The article, The Current Financial Crisis: How Did We Get Here?, I found especially interesting.

Nick Paulson's description of the current economic crisis is an excellent summary of the mess we're currently in as a nation -- and the implications for households is obvious. For example, this piece from his article is mind-boggling, "It is estimated that at least 15.4 million U.S. homeowners (~30%) will have zero or negative equity in their homes by the end of 2008."

The publication series Illinois Farm Economics Update: Impact of the Current Financial Crisis on the Agricultural Economy is available at http://www.farmdoc.uiuc.edu/index.html.

Please see the main page here or click below for single articles:

The Current Financial Crisis: How Did We Get Here?

Financial Markets in Agriculture

Implications of Credit Market Problems for Crop Prices

Increased Probabilities of Crop Insurance Payments

2009 Rental Decisions Given Volatile Commodity Prices and Higher Input Costs



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