By Jonathan Coppess, Nick Paulson, Gary Schnitkey with the University of Illinois Department of Agricultural and Consumer Economics and Carl Zulauf, Department of Agricultural, Environmental and Development Economics
This article is composed of 4 short reflections on the 2018 U.S. midterm elections and their potential impact on U.S. farm economics and policy.
A well-functioning democracy facilitates mini-revolutions via the ballot box by voters who feel overlooked or disaffected, thus minimizing the likelihood of large, pent-up revolutions. President Trump’s election in 2016 was a mini-revolution by voters, mostly in rural and industrial areas, who had experienced little economic progress or felt negatively impacted by economic, particularly trade, policy.
Results of the 2018 midterm elections will unlikely reverse the 2016 mini-revolution. Democrats won control of the House of Representatives and thus can use oversight hearings and investigations to slow the mini-revolution, but Republicans increased their control of the Senate.… Continue reading