(Podcast) Episode 027: What’s Ahead for the 2017/18 Pulse Markets?

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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)

(Photo by tuchodi is licensed under CC BY 4.0)

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About Author

Dr. Anton Bekkerman is an associate professor in the Department of Agricultural Economics and Economics at Montana State University, joining the faculty in 2009 after completing his PhD at North Carolina State University. Bekkerman's primary areas of research are grain marketing, basis and price forecast modeling, understanding how grain prices are affected by changes in supply chain infrastructures and quality demands, and analyzing the economic trade-offs of adopting alternative dryland cropping systems in Montana. One of his current projects is an investigation of how new grain loading technologies are affecting prices that Montana farmers receive for their wheat. Bekkerman is also examining the economic impacts that Montana's rapidly expanding dry pulse industry will have on the state's crop industry. Although Bekkerman grew up on the east coast, he has recently made a small step toward production agricultural after acquiring three backyard chickens.

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