A glimpse into the agricultural economy was part of the keynote address to Minnesota Corn Growers Association members during their virtual annual meeting. The coronavirus pandemic will go down in the history books as a black swan event many in the agriculture industry will never forget. During the keynote address, Virginia Tech Professor Emeritus and agricultural economist Dr. David Kohl said this black swan event has accelerated change with consumers, society and business. “Those black swans that are disruptive also create opportunities. I see COVID-19 accelerating economic and financial divide. That’s not only for businesses, but also for households.” Dr. Kohl went on to say there are five things the agriculture industry must consider. There will be economic volatility, but it will be in extremes. That means marketing and risk management is going to be imperative. Hear the full story.