Anton chats with Joe Janzen, assistant professor of economics at Montana State University, about what happened in the 2017 pulse markets and what’s ahead in the marketing year. Joe provides insights about several key market metrics that can be used to evaluate economics signals of how much pulse crops are valued, which can be useful in production and management decisions. He also discusses the implications of the recently enacted Indian trade restrictions for peas.
For this podcast, we’ve also included a video that presents charts and figures associated with the discussion. You can view the video below.
2:05 What exactly are pulse crop markets in the northern Great Plains? And why are they important to this region’s agricultural sector?
4:00 How economically significant are pulse markets to the northern Great Plains? Are we at corn and soybean levels? Or are pulse crops still a “specialty” crop?
5:00 How has the grain handling infrastructure changed to adapt to the increased pulse production?
6:15 What’s the latest on pulse crop prices? What do they mean for crop production decisions?
9:25 What should we look forward to in the upcoming year? What signals should producers and consumers of pulse crops watch for?
11:40 What are the market and policy issues on the 2018 horizon that may impact production and management decisions?
15:25 What’s the importance of export markets for pulse producers? What’s the biggest issue facing this market in 2018?
20:40 Who cares that there is a pulse tariff in India? How does that affect northern U.S. producers?
22:10 What are the 2-3 main drivers of pulse market trends that we are likely to observe in 2018?
(Intro and outro music by Trevor Sensor)