Monday, February 19, 2024

Members in the News: February 19, 2024

 Michael Langemeier, Purdue University

"Purdue Economists Share 2024 Outlook"

By: Agri-News - February 13, 2024

“The relatively high-cost structure along with tight margins, increases the importance of carefully scrutinizing input and crop decisions,” said Michael Langemeier, ag economics professor at Purdue University, in the 2024 Purdue Crop Cost and Return Guide."

(Continued...)
Read more on: Agri-News


Jeffrey Dorfman, North Carolina State University

  • "No Big Changes in 2024 Plantings, Returns Or Input Prices"
    By: FarmProgress - February 13, 2024
  • Feeding NC: Strategy To Grow Agriculture Takes Shape
    By: The Carolina Journal – February 12, 2024

Andrew Sowell, USDA-Economic Research Service

“USDA Forum To Lay Out Agriculture Future”

By: Meat + Poultry – February 14, 2024

Andrew Sowell, an agricultural economist in the Crops Branch, Market and Trade Economics Division at the USDA's Economic Research Service, speaks at the Agricultural Outlook Forum.

(Continued...)
Read more on: Meat + Poultry


Edward Jaenicke, Pennsylvania State University

"Say Goodbye To Food Waste: Tips Every Home Cook Should Know"

By: Daily Press - February 12, 2024

“Based on our estimation, the average American household wastes 31.9% of the food it acquires. More than two-thirds of households in our study have food-waste estimates of between 20% and 50%.”

(Continued...)
Read more on: Daily Press


Christopher Wolf, Cornell University

"New Federal Ag Data Highlights Continued Struggle For The Dairy Industry"

By: North Country Public Radio - February 15, 2024

"I don't know how much it stood out to me," he said. "I think most people were probably surprised maybe by the amount of consolidation that happened, particularly in the dairy industry." 

(Continued...)
Read more on: North Country Public Radio


Joseph Balagtas, Purdue University

  • “Increasing New Year's Resolutions For Healthier Eating, Purdue Report Finds”
    By: News Medical Life Sciences - February 15, 2024
  • "New Year Brought Increased Consumer Interest in Food And Nutrition Resolutions"
    By: Phys.org - February 14, 2024

 


Seth Meyer, USDA-Office of the Chief Economist

"USDA forecasts lower corn, higher soybean area in 2024"

By: BakingBusiness.com - February 15, 2024

"The biggest surprises in 2023 agriculture were the flexibility of US farmers to respond to market signals and change their cropping, responding to the global need for more corn and wheat as the Russia-Ukraine war extended into a second year. Farmers’ resilience in their production in a challenging year, citing as an example record corn yields despite drought conditions covering a large portion of US corn areas."

(Continued...)
Read more on: BakingBusiness.com


Luis Ribera, Texas A&M University

"South Texas Citrus Poised For A Comeback"

By: Austin County News Online - February 13, 2024

“This water undersupply continues today. The water deficit for the current five-year cycle that began on Oct. 25, 2020 was 673,892 acre-feet as of Dec. 9. This represents the second largest irrigation water deficit in the last three decades.The past 30-plus years have demonstrated a trend toward fewer and fewer acre-feet of irrigation water available to the Lower Rio Grande Valley area."

(Continued...)
Read more on: Austin County News Online


Nick Paulson, University of Illinois at Urbana-Champaign
Gary Schnitkey,
University of Illinois at Urbana-Champaign
Carl Zulauf,
The Ohio State University

"2024 ARC/PLC decisions"

By: WFIN & Ohio's Country Journal - February 12, 2024

"Because the 2018 Farm Bill was extended, farmers will have the same commodity title choices in 2024 as they have since 2019. These include the Price Loss Coverage (PLC), Agricultural Risk Coverage at the county level (ARC-CO), and ARC at the individual level (ARC-IC) programs."

(Continued...)
Read more on: WFIN & Ohio's Country Journal


Rigoberto Lopez, University of Connecticut

“We love dollar stores. But here’s what can happen when they move in”

By: La Crosse Tribune, Arca Max & Yours Bulletin, et al. – February 12, 2024

"According to the study, published in Applied Economic Perspectives and Policy, there were 35,000 dollar stores in the United States in 2019 and they were “among the few food retailers” that grew in revenue after the Great Recession of 2008-10, outperforming big box discounters and retail clubs."

(Continued...)
Read more on: La Crosse Tribune, Arca Max & Yours Bulletin, et al.


Jackie Yenerall, University Of Tennessee
Andrew Muhammad,
University of Tennessee
Karen DeLong, U
niversity of Tennessee

"Navigating the Challenges of Building a More Resilient Infant Formula Industry"

By: The Clanton Advertiser, The Brewton Standard, et al. – February 12, 2024

"Prior to the 2022 shortage, U.S. infant formula imports averaged 0.26 kg per capita, significantly lower than many other comparable high income countries such as the United Kingdom (12.0 kg per capita) and Canada (11.3 kg per capita). Infant formula imports significantly increased in 2022 to more than 42,500 metric tons (MT) and $323 million, a quantity and value increase of 153 and 302 percent, respectively, compared to 2021."

(Continued...)
Read more on: The Clanton Advertiser & The Brewton Standard, et al.

Thursday, February 15, 2024

Announcing the 2024 Extension Competition for Graduate Students

The AAEA Extension Competition for Graduate Students provides an opportunity to develop
and/or get feedback on programs that communicate research and practical information to
Extension (usually non-economist) audiences. Entries can be based upon graduate student
research for a thesis, dissertation or other academic work. The competition is sponsored by the
Extension and Graduate Student Sections.

Note: This year, we will once again work with applicants who cannot or do not wish to
attend the conference in person. The details below refer to our current plan and may
change.

Who’s Eligible?
Graduate students currently engaged in topics related to agricultural economics, agribusiness,
natural resources, and community resource economics as well as those who graduated from
such programs in Spring 2024 or later.

Participants must identify and work with a mentor with experience in outreach or extension
activities.

The Application:
Applications should be addressed to Curtis Mahnken at cmahnken@umn.edu and must include:

  1. Student’s name, university, department, address and contact information.
  2. Title of the extension program to be delivered.
  3. A summary of the proposed extension program. This should include project outcomes, target audience, delivery plans, communication methods and activities planned for distributing the information to the public such as fact sheets, reports, web sites, spreadsheets, and presentations (4 page maximum). If the applicant was part of a team, the role of the applicant within the team must be made clear. If the proposed project is building upon the success of other extension programs, the summary should include a description of the previous program and the innovative approach of this proposed project.
  4. An educational popular press article limited to 500 words and no more than two graphics (tables, charts, etc.). This should be an addendum to your submission packet. Examples include: https://farmdocdaily.illinois.edu/2023/01/us-price-inflation-focus-on-farm-prices.html and https://southernagtoday.org
  5. A detailed evaluation plan. This should be an addendum to your submission packet. You may choose to develop your project using a logic model (which is not required). You can see more information on logic models below.*
  6. A profile of the applicant’s background and research (1 page maximum).
  7. The mentor’s name and description of the mentor’s role in the project.

Criteria for Selecting Finalists
Finalists will be selected using the following rubric:

All required information submitted (5 points)                                                          
Target audience identification
         Importance of problem (10 points)                                                                         
        Description of target audience and their identification (10 points)                           
Development of program
        Outline of goals (10 points)                                                                                      
        Description of how the proposed outcomes address issue (15 points)                      
        Summary of research to be communicated (10 points)                          
        Presentation of program proposed outcomes (15 points)                                   
Popular press article extension output (15 points)                                                            
Detailed evaluation plan, including a discussion (10 points)                                            
Total (100 points)

Finalists at AAEA
Finalists will be selected to make a 15-minute presentation at the AAEA meeting either
virtually or in New Orleans, LA on Sunday July 28, 2024, to a panel of judges, who will then
ask 5 minutes of questions. The competition will begin at 8AM CDT. Selection of the finalists
will be based on the material submitted and the criteria listed above. Finalists will be notified by
June 5, 2024. The top three finalists are expected to make presentations during an AAEA
Extension track organized symposium if present in New Orleans, LA or virtually. Date and
time are to be determined (likely Tuesday, July 30).

Awards
Cash awards will be given to those judged to be the top three graduate students in this
competition. Award funding is provided by the AAEA Extension Section through membership
dues and via support provided by sponsors. Awards are:

            First Place: $1,000 and a plaque
            Second Place: $300 and a certificate
            Third Place: $200 and a certificate

Other finalists receive finalist certificates.

The top 3 competitors selected will be recognized at the AAEA Awards ceremony on the
evening of July 29. All finalists will be provided tickets to the Extension Luncheon on July 24
during the AAEA annual meetings.

Submission Deadline: Midnight CDT on Friday, May 10, 2024. Email entries to Curtis
Mahnken, Competition Committee Chair at cmahnken@umn.edu. Finalists will be notified by
June 5, 2024.

*Logic models, often linked with program evaluation, can also be useful for planning a program.
You can find many examples of logic models online, including:
https://fyi.extension.wisc.edu/programdevelopment/logic-models/bibliography/
https://www.cdc.gov/tb/programs/evaluation/Logic_Model.html
https://www.extension.uidaho.edu/publishing/pdf/cis/cis1097.pdf

Monday, February 12, 2024

Members in The News: February 12, 2024

 

*Disclaimer - This email is to acknowledge citations of current AAEA members and/or their research in any public media channel. AAEA does not agree nor disagree with the views or attitudes of cited outside publications.


Wendong Zhang, Cornell University

The Food Security Gene

By: The Wire China – February 4, 2024

“The general public in China has very significant anxieties and concerns and, in part, the government probably wanted it that way, because they worried about market takeovers from foreign seed companies.”

(Continued...)
Read more on: The Wire China


Bill Ridley, University of Illinois at Urbana-Champaign

How The Russian Invasion Of Ukraine Has Impacted The Global Wheat Market

By: Phys.org – February 5, 2024

"At the start of the invasion, everybody was really concerned there was going to be an explosion in wheat prices. We did see a massive spike in prices, but eventually, the market adjusted and price impacts leveled out. Global wheat prices jumped by 28% in the early phases of the war, but within a few months, they began to decrease, although they remain 2%–3% higher than before the invasion.”

(Continued...)
Read more on: Phys.org


Glynn Tonsor, Kansas State University

Recent Cattle on Feed Provides No Unexpected Turns

By: High Plains Journal – February 2, 2024

“There continues to be no indication in national aggregate at least) that initiated herd expansion by holding back heifers. This not surprising and signals summer of 2024 is the earliest we may start to see that occur with the summer of 2025 being more likely to have an impactful number of heifers retained.”

(Continued...)
Read more on: High Plains Journal


Michael Adjemian, University of Georgia

UGA Records All-Time High Economic Impact in 2023

By: WGAU -  February 2, 2024

“The most important factors that contributed to UGA’s growing economic impact were increases in the benefits that the university provides across each of its mission areas. The impact of instruction grew by $219 million, research by $28 million and outreach by $161 million, year over year.”

(Continued...)
Read more on: WGAU


Maria Kalaitzandonakes, University of Illinois at Urbana-Champaign

Expert Says Multistate Foodborne Illness Outbreaks Impact Restaurant Stock Price, Public Perception

By: Quick Telecast – February 4, 2024

“Foodborne illness outbreaks are somewhat common in the U.S. If you operate a restaurant, it’s difficult to get that risk down to zero. When a restaurant has a single-state outbreak, the public may not even hear about it. But if you have what happened at Chipotle—where your brand becomes associated with foodborne illness after a multistate outbreak—that’s when you start to see responses to these single-state outbreaks. Investors start to get rattled, the media pays attention and we see clear impacts from those types of outbreaks.”

(Continued...)
Read more on: Quick Telecast or The Packer, Medical News


Christopher Wolf, Cornell University

2024 Could Have Fewer Milk Indemnity Payments, but Global Uncertainty Highlights Need for Risk Management

By: Lancaster Farming – February 7, 2024

“Doing things with milk to meet the different markets to reflect the preferences of the population has certainly been happening. Fluid milk consumption is still on the decline, though. Likewise, plant-based milk consumption has been decreasing since a 2021 peak. Almond milk is seeing a decline, while oat milk has increased and soy milk has stayed flat.”

(Continued...)
Read more on: Lancaster Farming


Steven Deller, University of Wisconsin-Madison

Report: Most Of Wisconsin’s High-Paying Future Job Openings Require A College Degree

By: WPR – February 5, 2024

“The decision to invest in education does have a gender dimension. Whether this increase in average earnings from pursuing higher education justifies the associated costs is a decision unique to each person.”

(Continued...)
Read More On: WPR


James Mintert, Purdue University

Weakened Commodity Prices Cast a Shadow on Farmer Sentiment

By: Morning Ag Clips – February 6, 2024

“While farmer sentiment has been stronger than it was in 2015 and 2016, it has been relatively weak. This is despite high net farm income adjusted for inflation. High input prices, high cost of production, is clearly bothering people, followed by the fear of lower crop and livestock prices in 2024. ”

(Continued...)
Read More On: Morning Ag Clips


Amitrajeet Batabyal, Rochester Institute of Technology

The Human Cost Of Cashless Transactions

By: Rochester Beacon – February 7, 2023

“The poor in Rochester and elsewhere in the U.S. are frequently unbanked. This means that they have no access to and/or do not use banking services. Nationwide, nearly 6 million households, or 4.5 percent, were unbanked in 2021. In New York, an even share of households—5.9 percent—were unbanked.”

(Continued...)
Read More On: Rochester Beacon


Randall Fortenbery, Washington State University

Economist: 'Better' Wheat, Cattle Markets Seen For 2024

By: Capital Press – February 7, 2024

"It's a pretty wide range, because we're still a long way from knowing what this winter wheat crop is going to look like as we approach the summer. If you get $7, you should probably think about taking it because pretty soon, if you start approaching $8, the market's saying there's a 75% chance we can't hold that as we go into the summer months."

(Continued...)
Read More On: Capital Press


Brittney Goodrich, University of California, Davis

Estimate Cover Crop Costs, Potential Benefits

By: Farm Progress – October 12, 2024

“Last year, the USDA's Pandemic Cover Crop Program gave up to a $5/acre discount on crop insurance premiums for growers who planted a cover crop, and there is potential this will get extended going forward,”

(Continued...)
Read More On: Farm Progress