Economic Impacts of Plant Diseases, Drought, Environmental and Other External Factors in Agricultural Production
U.S. Agriculture is impacted by such external factors as trade legislation, environmental regulations, weather conditions (drought, floods, freezes, etc.), diseases (wind borne, seed borne, and insect borne) and market structures in sectors or businesses which purchase agricultural products as inputs. Idaho's economy is still largely resource based and therefore the economic health of the state depends in no small measure on the economic health of Idaho agriculture. Economic analysis of impacts on agriculture from changes in these myriad factors can improve society's understanding of how changes in public policies will affect the agricultural sector. Such analysis will also aid in the design of better public policies, since policy makers will possess better information on the outcomes of various proposed policies. On the other side of the policy
process, farmers and agribusiness must be aware of possible policy changes and their impacts on their businesses.