Mark Drabenstott
Mark Drabenstott
Mark Drabenstott is a vice-president of the Federal Reserve Bank of Kansas City and the director of the Center for the Study of Rural America. Drabenstott is also chair of the National Policy Association's Food and Agriculture Committee and a director of the National Bureau of Economic Research at Harvard University...
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There is no question that this represents a chance to transform the economy of the region. For regions like northwest Missouri, there is not a long list of economic alternatives.
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The big question is, are we going to be able to move the fall harvest? To the extent that this backs up the transportation system, that is a question on the mind of the grain trade throughout the region.
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These are the kinds of questions I see in play now. The definition of what's rural is much more complex.
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This is a starkly different episode. We've seen considerable off-farm investors interested in farmland, in part a lingering result of the (low) stock market performance of recent years.