Monday, October 21, 2024

Members in the News: October 21, 2024

 Steven Deller, University of Wisconsin-Madison

  • UW Economist Says Off-Farm Employment Key to Ensuring WI Farm Survival
    By: Wis Business – October 3, 2024
  • Wisconsin Family Farms Increasingly Relying on off-Farm Employment to Supplement Income
    By: WPR – October 8, 2024

Rabail Chandio, Iowa State University

Yes, the Farmland Market is Shifting, But That Doesn’t Necessarily Mean Prices Are Falling

By: Ag Web – October 1, 2024 

“As we are coming out of the pandemic highs with high government payments no longer there, with high farm income no longer supporting the land value, the market began to soften in 2023,” says Chandio, who is also the lead researcher of the ISU Land Value Survey. “What we’ve already experienced is a whole year of softening and then maybe slight falling of land values in certain parts of the of the state as well.”

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Read more on: Ag Web


Dan Scheitrum, California Polytechnic State University

Kamala Harris’ Much-Hyped Price Gouging Ban Set to Disappoint Shoppers

By: Yahoo! News – October 16

“It seems to me there was a big concern of pricing things unfairly or too high. Cheap eggs don’t do anybody any good if they’re not there to be purchased. And then there’s the fact the price gouging itself doesn’t have a widely agreed upon definition, and is often in the eye of the beholder.”

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Read more on: Yahoo! News


Joseph Janzen, University of Illinois, Urbana-Champaign

Farmers Are Making Less Money This Year, Which Could Have Larger Economic Consequences

By: Northern Public Radio – October 7, 2024

“The farm economy is in a downturn relative to what we have experienced in 2022 and 2023, which was kind of a boom in agriculture. While the last couple of years had been record breakers for farm income, this year will be a return to more normal levels, economists said. That reality may mean farmers in the Midwest think twice about making big purchases this year, and that’s already trickling down to other sectors.”

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Read more on: Northern Public Radio


David Ortega, Michigan State University

  • Kamala Harris and Donald Trump Both Plan to Boost Spending. How Would That Affect the Federal Debt?
    By: CBS News – October 8, 2024
  • Segment on Food Prices and the Election Starts on Minute 16
    By: WDIV Local 4 – October 13, 2024

Joseph Balagtas, Purdue University

Fact-checking Harris and Trump’s interviews with AARP

By: PBS – October 9, 2024

“The COVID-19 pandemic caused supply-chain disruptions in 2020 that sparked high inflation through the summer of 2022, when year-to-year inflation hit a 40-year high of 9 percent. These snags increased production costs, the pandemic altered consumer behavior and fiscal and monetary policy increased consumer demand. These forces combined to drive prices higher.”

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Read more on: PBS


Daniel Sumner, University of California, Davis
Joseph Glauber,
International Food Policy Research Institute
David Ortega,
Michigan State University

Bacon Prices Are a Hot Topic This Election. Here’s What You Need to Know

By: Fast Company – October 10, 2024

“Prices for pork products will be 7% to 10% higher in California over the long term because of the law.”

“Food price inflation was a global issue over the past few years, not one caused by the Biden administration. Past run-ups in food prices, he noted, have occurred regardless of which party was in office.”

“While plants were closed, millions of pigs got too big to be processed and were culled instead, leading to shortages just as home-bound Americans were shopping for more breakfast bacon.”

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Read more on: Fast Company


Daniel M. O'Brien, Kansas State University

‘Outside Forces’ Imperative For Profit in Good Corn Yields

By: High Plains Journal – October 11, 2024

“Prices will be low during the harvest season. More crop reports are ahead, but the mid-September outlooks showed “strong record yields” of 183 bushels to the acre for United States corn. I don’t think we have any argument that we have a large crop. it’s just a matter of how large. The numbers the market is trading on right now are subject to change.”

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Read more on: High Plains Journal


Aaron Smith, University of California, Davis

California Democrats Want to Slash Gas Prices, a State Climate Policy Will Raise Them

By: Times Herald – October 15, 2024

“Although that would pose a challenge to drivers, the low-carbon fuel standard is an important part of California’s climate strategy. Scientists say climate change is already intensifying natural disasters in California and nationally while driving terrifying declines in biodiversity, and maintain it poses an existential threat to humanity over the century.”

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Read more on: Times Herald


Benjamin Brown, University of Missouri

Ideal Weather Boosts Missouri Crop Output, Lowers Prices"

By: Columbia Missourian – October 15, 2024

“The 21% increase in Missouri corn yields and the 6.3% in soybean yields look so stark because 2022 and 2023 were both poor-performing years due to drought. In fact, one could make the case that Missouri was the hardest-hit state for drought during those years.”

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Read more on: Columbia Missourian


Brittney Goodrich, University of Illinois, Urbana-Champaign

Honey Bees in Demand: New Contract Strategies to Support Pollination Services

By: Phys.org – October 15, 2024

“There's about 1.3 million acres of almond trees in California, and each acre requires two honey bee hives for pollination, so that's about 2.6 million honey bee hives every year. They are coming from all over the U.S., making the trek to get there by February 15 when the almonds usually start blooming, and they stay for about a month.”

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Read more on: Phys.org

Monday, October 14, 2024

Members in the News: October 14, 2024

 

Craig Landry, University of Georgia

Thousands of Uninsured Homes Were in Helene’s Path

By: Yahoo! News – October 3, 2024

“It’s something people don’t want to think about. People have an optimistic perception of disaster assistance. And in reality, it’s not that generous.”

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Read more on: Yahoo! News


Joseph Janzen, University of Illinois, Urbana-Champaign

Farmers Are Making Less Money This Year, Which Could Have Larger Economic Consequences

By: NPR – October 7, 2024

“The farm economy is in a downturn relative to what we have experienced in 2022 and 2023, which was kind of a boom in agriculture. While the last couple of years had been record breakers for farm income, this year will be a return to more normal levels, economists said. That reality may mean farmers in the Midwest think twice about making big purchases this year, and that’s already trickling down to other sectors.”

(Continued...)
Read more on: NPR or Iowa Public Radio


Steven Deller, University of Wisconsin-Madison

  • As Election Day Nears, the Economy Remains Top of Mind for Wisconsin Voters
    By: WPR – October 8, 2024
  • Wisconsin Family Farms Increasingly Relying on Off-Farm Employment to Supplement Income
    By: WPR – October 8, 2024

Joseph Balagtas, Purdue University

Skimpflation is Hard to Spot, But the Berry Chantilly Cake from Whole Foods Can Help Explain

By: CNN  - October 7, 2024

“In the wake of a really severe inflationary period, people are extra sensitive about value for money. Sometimes, a food company will substitute expensive ingredients with cheaper oils or artificial sweeteners. Often customers won’t notice this unless they compare the ingredient lists, but sometimes customers do notice.”

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Read more on: CNN


David Ortega, Michigan State University

Bacon Hogs The Spotlight in Election Debates, But Reasons For Its Sizzling Inflation Are Complex

By: Associate Press – October 10, 2024

“Workers stand close together on production lines in the U.S. meat processing industry. Big bacon producers like Smithfield Foods and Tyson Foods temporarily closed plants in the spring of 2020 after thousands of workers got sick and some died. While plants were closed, millions of pigs got too big to be processed and were culled instead, leading to shortages just as home-bound Americans were shopping for more breakfast bacon.”

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Read more on: Associate Press


Amitrajeet Batabyal, Rochester Institute of Technology

Is Responding to Work Emails After Hours a Good or Bad Idea?

By: Rochester Business Journal – October 4, 2024

“The difference in work-life balance between the U.S. and European countries is substantial. The European Union, for instance, has a mandated four-week paid vacation period across all 27 of its countries. Some countries also require additional paid days off on top of this required period. Meanwhile, in the U.S., nearly one-third of all employees say they don’t have any access to paid time off (PTO), according to a recent report. And those who do have PTO don’t always use it. The same report found that 765 million vacation days go unused by Americans each year.”

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Read more on: Rochester Business Journal


Diego Cardoso, University of Illinois, Urbana-Champaign

How Much Do Avoidable Deaths Impact the Economy?

By: News Wise – October 4, 2024

“The first paper "applies novel methods to estimate the economic value of reducing avoidable deaths worldwide, finding that in 2019, 40 million deaths were avoidable—i.e., could have been prevented or delayed if individuals in all countries had access to the best available healthcare. The economic value of reducing these avoidable deaths is equivalent to 23% of annual global income, suggesting that significant health improvements could lead to substantial economic benefits and encouraging policymakers to invest more in health promotion and healthcare.”

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Read more on: News Wise


Bradley Rickard, Cornell University

California Just Became the First State to Ban Sell-By Dates

By: Food & Wine – October 4, 2024

“some people will see the sell-by date and will assume this means something about food safety, and will then throw the item out even though there [are] unlikely any food safety concerns for many foods for a reasonable amount of time after the sell-by date.”

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Read more on: Food & Wine


Aaron Smith, University of California, Davis

Trump and Harris Promise to Lower Food Costs But Trump May Have the Edge in Winning Over Voters

By: ISN Magazine – October 6, 2024

“While the rate of price growth has slowed, prices themselves are unlikely to fall. The rate of price growth has reverted back to normal, but prices will not go back down, casting doubt on the effectiveness of either candidate’s promises to bring substantial relief to the checkout aisle.”

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Read more on: ISN Magazine


Michael Langemeier, Purdue University

Managing Strategic Risks on the Farm: Insight From Purdue ag Economists

By: Agrinews – October 6, 2024

“Anytime I’m looking at a long-range plan, I think in terms of scenarios. What’s my best prediction of the way things might happen? And think about what I would do under that scenario. “How aggressive would I be in terms of buying land? How aggressive would I be in terms of renting ground? How much machinery capacity do I need under my best estimate of prices, and so on.”

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Read more on: Agrinews


Stephan Goetz, Penn State University

USDA Funds $650,000 Study to Analyze U.S. Business Decarbonization

By: Decarbon Fuse – October 6, 2024

"the industrial transition from fossil fuels to renewable energy is occurring one firm at a time. Our goal is to develop a research-based understanding of the adoption decisions businesses are making and the barriers they face. This will inform the ongoing transition to a low-carbon economy."

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Read more on: Decarbon Fuse


Andrew Stevens, University of Wisconsin–Madison

USDA Farm Projection Report Shows Farmers Down 4.4% for This Year's Harvest

By: abc 27 – October 7, 2024

"Agriculture is fundamentally a risky business where you've got some good years and some bad years. So the fact that we're seeing projections for this year come down a little bit when recent years have been fairly good, doesn't strike me as a huge trend."

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Read more on: abc 27


Roderick Rejesus, North Carolina State University

Crop Insurance Guidance for Farmers

By: Morning Ag Clips – October 9, 2024

“Following a hurricane, the most important crop insurance action is for affected farmers to contact their agent, report their losses and arrange for adjusters to assess their losses. This will help ensure that they get compensated sooner rather than later.”

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Read more on: Morning Ag Clips

Monday, October 7, 2024

Members in the News: October 7, 2024

Craig Landry, University of Georgia

Thousands of Uninsured Homes Were in Helene’s Path

By: The Washington Post – October 3, 2024

“It’s something people don’t want to think about. People have an optimistic perception of disaster assistance, in reality, it’s not that generous.”

(Continued...)
Read more on: The Washington Post


Sean Cash, Tufts University

When the Dollar Store Closes, US Families on Food Benefits Lose a Lifeline

By: Reuters – September 29, 2024

"In these neighborhoods, it's removing a place where people are shopping, where they've been buying more food than ever before. This is going to make food access harder."

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Read more on: Reuters


Madhu Khanna, University of Illinois Urbana-Champaign

Former U of I Student Gives 10 Million For New Science Center

By: WCIA – September 26, 2024

“This is actually a great opportunity. This is an emerging area of research. And this funding enables us to be really the first in the country to establish such a center and to lead in this effort of developing both the technology as well as thinking about how to scale up that technology.”

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Read more on: WCIA


Brittney Goodrich, University of Illinois Urbana-Champaign

  • Covercrops that Attract Bees Are a Good Choice
    By: Ag Info – September 19, 2024
  • The Economic of Cover Crops
    By: Ag Info – September 24, 2024

Amitrajeet Batabyal, Rochester Institute of Technology

The Decision Supermarkets Face With Perishable Food

By: Rochester Beacon  - October 2, 2024

“The sad reality is that even though millions of American households struggle to put food on the table, as food moves from producers to factories, to retailers, and ultimately to consumers, approximately 40 percent of it is thrown out. This is not entirely a matter of carelessness. There are many logistical challenges to confront because food, being perishable, is difficult to transport and distribute safely.”


Read more on: Rochester Beacon 


David Ortega, Michigan State University
Amy Hagerman,
Oklahoma State University

Why the Price of Eggs is on the Rise Again

By: NPR – September 28, 2024

“Farmers must take “precautionary measures in the operations. And when an outbreak is acting quickly, that is really necessary ... to prevent this from spreading to nearby operations.”

“Table egg-laying chickens seem particularly susceptible to HPAI, likely because the virus can spread quickly in their close quarters. Table egg-layer facilities tend to be very large, and so you can lose a million or 2 million birds on a single facility, because this is a highly contagious virus.”

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Read more on: NPR


Uma Lele, Institute of Economic Growth

Who’s Who of Distinguished Leaders 2024 Honoree

By: WSJ – September 29, 2024

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Read more on: WSJ


Joseph Balagtas, Purdue University

Survey Shines Light on Regenerative Ag, Food Affordability

By: Agrinews – September 29, 2024

“This reveals an opportunity for producers and industry leaders interested in expanding regenerative agriculture practices in their operations to clearly communicate to consumers what regenerative agriculture means to their operations.”

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Read more on: Agrinews