Economic Impacts of COVID-19 on Food and Agricultural Markets

CAST Commentaries - QTA2020-3 - June 2020
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Student Study Guide

This paper examines the many economic factors and impacts of the COVID-19 pandemic, with a focus on the agriculture sector. In efforts to slow down the spread of COVID-19, many states and countries shut down several economic areas such as tourism and entertainment venues, restaurants, personal services, and some manufacturing facilities. This has led many areas into a recession. The authors of this paper examine the effects this recession has on these topics: macroeconomics; trade; supply chain; consumer behavior; food service/grocery; meat processing; forestry and wood products; local food systems; food waste; food insecurity; major commodity crops; agricultural finance; agricultural labor; rural health care; and research and outreach priorities.

Co-chairs: Jayson Lusk, Purdue University and John D. Anderson, University of Arkansas

QTA2020-3, 44 pp., June 2020, Available free online.

Task Force Chairs

Jayson Lusk

John D. Anderson

Task Force Authors

Diane Charlton

Keith Coble

Alison Davis

Adam Dewey

Jeffrey H. Dorfman

Brenna Ellison

Emily Engelhard

Allen M. Featherstone

Jason Grant

Craig Gundersen

Monica Hake

Todd Hubbs

Scott Irwin

Ananth Iyer

Sarah A. Low

Trey Malone

Josh Maples

Jill J. McCluskey

Brandon McFadden

Rodolfo M. Nayga, Jr.

Timothy J. Richards

Bradley J. Rickard

Lee Schulz

Ian Sheldon

Shaun M. Tanger

Dawn Thilmany McFadden

Glyn Tonsor

Norbert Wilson

David Zilberman

Task Force Reviewers

John D. Anderson

Kalyn Coatney

Keith Coble

Alba Collart

Sarah A. Low

Jayson Lusk

Josh Maples

Rodolfo M. Nayga, Jr.

Mykel Taylor

Task Force Board Liaison

Mark Cochran

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