An ag economist expects a weak dollar to be bullish for U.S. agriculture heading into 2021.
Tanner Ehmke with CoBank says abundant liquidity is weighing on our currency.
“You’ve got the federal government incurring record levels of deficit spending, so they’re injecting a lot of money into the U.S. economy.”
Speaking during the Minnesota AgriGrowth virtual Ag and Food Summit Thursday, he also pointed to historically low interest rates and quantitative easing as factors for a weaker dollar.