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Economic stimulus continues in global economy

With economic stimulus continuing into 2018 and beyond, demand for rice, and price, should remain promising, says University of Arkansas Extension economist Bobby Coats.

Economic stimulus into the global economy will continue in 2018, 2019 and 2020, says University of Arkansas Extension economist Bobby Coats. That stimulus, he says, “will put a floor under hard assets like equities, commodities, land and fine art. So 2018 should have a higher level of inflationary pressure. So if we can keep our rice production, say in Arkansas, around that 1.2 to 1.05 million acres, we can keep the price fairly strong for the producer.”

He explains how the global and domestic supply and demand situation could affect rice producers over the next few years in this video.

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