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Published online by Cambridge University Press: 10 May 2017
The U.S. is nearing the end of its ninth recession since the Second World War. This recession was caused by events outside of the agricultural sector, and the recovery will be due to factors outside the sector. Yet agricultural production, costs, and income will be affected by general economic conditions. This paper reviews current general economic conditions and examines their implications for the agricultural sector.
The author would like to thank Mark Condon, Thomas Hady, John Kitchen, and Elizabeth Mack for their comments and suggestions. Any errors are the sole responsibility of the author.