The combination of exposure to retaliatory tariffs, upward pressure on input costs, and heavy reliance on “unauthorised” labour means that the outlook for the US farming sector is highly uncertain. But to the extent to which pain is offset by higher government payments, the macroeconomic impacts on agricultural output and food price inflation are likely to be limited.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services