Input Markets Analysis

Rising prices, strong worldwide demand and more than $27.2 billion in government payments drove net farm income in the U.S. to $117 billion in 2021, its highest level in eight years. However, in 2022, inputs markets are the story of the day. ARA and TFI will present potential solutions and a long term outlook of the input markets.



Richard Gupton, Senior Vice President of Public Policy and Counsel, ARA

Richard Gupton, possessing more than 20 years of public policy experience, serves as ARA’s senior vice president of public policy and counsel.  Gupton represents the Ag retailers’ and distributors’ interests before the legislative and executive branches of government, working to ensure that important Ag retail-distribution issues receive fair consideration on Capitol Hill. He also manages ARAPAC, the association’s political action committee.   Prior to joining ARA, Gupton served as deputy director of agricultural finance for the Independent Community of Bankers of America (ICBA). Before ICBA, Gupton spent six years on Capitol Hill working in the U.S. Senate and U.S. House of Representatives as Legislative Counsel, advising members of Congress on a wide range of policy issues such as agriculture, environment, transportation, and energy.  

Gupton is a graduate of Campbell University’s Norman Adrian Wiggins School of Law, and holds a bachelor’s degree in history from the University of North Carolina at Chapel Hill. He is licensed to practice law in North Carolina, the District of Columbia, U.S. District Court for the Eastern District of North Carolina, and the U.S. Supreme Court. 


Jason Troendle, Director of Market Intelligence and Research, TFI


Jason Troendle joined TFI as the Director of Market Intelligence and Research in March 2021. He will be supporting the institute’s efforts by formulating statistical information for the industry and providing market analysis on the agriculture and fertilizer industry.


Jason earned a Bachelor of Science in Agricultural Economics from Kansas State University and completed his Master’s degree in Applied Economics and Management with a focus in Food and Agriculture at Cornell University.


Prior to joining TFI, Jason worked at The Context Network, an agriculture consulting firm, and the Global Cold Chain Alliance (GCCA) leading their market intelligence and research efforts. He has a strong connection to agriculture growing up in rural Minnesota and being actively involved in the National FFA Organization.