As we hit the quarter-century mark in agriculture and ag lending, there’s a tale of two economies unfolding. According to Dr. David Kohl, Professor Emeritus in Virginia Tech’s Department of Agriculture and Applied Economics, the U.S. economy is currently holding strong — but the global economy is facing headwinds.

“We have a bifurcated world economy,” Kohl said. “The U.S. is doing well, largely because of deficit spending and high equity markets like stocks and real estate. That’s driven consumption. But the rest of the world is struggling.”

As we hit the quarter-century mark in agriculture and ag lending, there&rsquo;s a tale of two economies unfolding. According to Dr. David Kohl, Professor Emeritus in Virginia Tech&rsquo;s Department of Agriculture and Applied Economics, the U.S. economy is currently holding strong &mdash; but the global economy is facing headwinds.
&ldquo;We have a bifurcated world economy,&rdquo; Kohl said. &ldquo;The U.S. is doing well, largely because of deficit spending and high equity markets like stocks and real estate. That&rsquo;s driven consumption. But the rest of the world is struggling.&rdquo;

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Join Pam Jahnke for the latest farm news. Heard daily on WOZN 96.7 FM and 1670 AM in Madison Wisconsin from 5-6am. Also heard on affiliate stations all over Wisconsin.

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