Monday, May 21, 2018

Members in the News: Tyner, Zhang, Lusk, Taheripour, Westhoff, and Saitone

Wally Tyner, Purdue University
Tariff list on China could broaden to include aerospace components, intellectual property
By: USA Today - March 26, 2018
If China chooses to go directly after U.S. soybeans, for example, exports could decline as much as 40% and result in more than $3 billion in lost income nationwide, according to some estimates.

“That’s a big deal,” said Wally Tyner, an agricultural economics professor at Purdue University in Indiana.

Most soybeans grown in the U.S. are exported, and China is the largest purchaser. Plus, countries make retaliatory decisions based not just on economics, but on politics, Tyner said. And hitting U.S. farmers would have an economic impact in the rural parts of the country where Trump did very well in 2016.
President Trump's proposed steel tariffs could be an economic boon and curse for this state
By: USA Today - March 8, 2018
Indiana's manufacturers have a different view. Many of those businesses use steel in their products, or sell their goods to other countries that might retaliate if the tariffs spark a broader trade war.

“Since these manufacturing companies are such a large share of income and jobs in Indiana, it is likely that the Indiana economy would suffer from the tariffs even though we do produce aluminum and steel,” said Wally Tyner, an agricultural economics professor at Purdue University.
Welcome to summer and $3-a-gallon gas in the South Bend area
By: South Bend Tribune - May 17, 2018
Petroleum experts like Wallace Tyner, a professor of agricultural economics at Purdue University, say there are a number of contributing factors for the increased prices, ranging from complicated matters of international relations to simple things, such as a change in the season.

“Summer is a driving season, so it has higher demands,” Tyner said. And, “The U.S. has rules that require a gasoline blend (in the summer) that doesn’t evaporate … and that costs more to make. It’s a nickel a gallon more to make it and they pass (that additional cost) on to you and I.”
Read more on: South Bend Tribune

Wendong Zhang, Iowa State University
Iowa Land Values Have Hit Bottom, Moving Higher, Survey Says
By: Successful Farming - May 16, 2018
The survey shows that 170 farm managers, appraisers, land brokers, and ag lenders put more weight on the short-term and medium-term forecasts, according to Wendong Zhang, ISU conference chair.

“What we are seeing in the survey results is a short-term dip in the next six months, followed by a stabilization in the land markets for the next two years,” Zhang told Successful Farming at
Read more on: Successful Farming

*Jayson Lusk, Purdue University
Farm bill addresses lab-meat oversight
By: Arkansas Online - May 16, 2018
As food companies such as Tyson, Campbell’s, Kellogg’s, Chobani and General Mills continue to invest in product development, farmers continue to think about their herds. Several farm groups have affirmed their allegiance to traditional forms of cattle raising in light of the alternative meat movement. While some are staunchly against so-called fake meats, others remain open to the idea of beef or chicken products grown from animal cells — as long as it’s not called meat.

“The livestock groups view this as a competitive threat,” said Jayson Lusk, a distinguished professor and head of the agricultural economics department at Purdue University. Citing the shelf takeover of substitute milk products, Lusk said these groups are worried that mislabeled meat products will eat into their market share.
Read more on: Arkansas Online

Wally Tyner, Purdue University
Farzad Taheripour, Purdue University
Purdue: Soybean farmers could see exports drop if tariffs imposed
By: Logansport Pharos-Tribune - May 7, 2018
Chinese soybean imports from the U.S. could drop by as much 71 percent if China were to impose trade restrictions on U.S. soybeans in response to U.S. tariffs on Chinese products, according to a study for the U.S. Soybean Export Council conducted by Purdue University agricultural economists Wally Tyner and Farzad Taheripour.

Using an advanced version of the Global Trade Analysis Project model developed at Purdue, Taheripour and Tyner projected the outcome of several prospective scenarios in which the Chinese government were to adopt tariffs ranging from 10 to 30 percent on U.S soybeans, according to a news release from Purdue.
Read more on: Logansport Pharos-Tribune and Feedstuffs

Pat Westhoff, University of Missouri
Biofuel policy adds to agricultural market uncertainty
Written by Pat Westhoff: Columbia Daily Tribune - May 17, 2018
When a new farm bill is up for debate, it is usually the top source of policy-related uncertainty for farmers and agricultural markets. This year, it might not even make the top two.

Ongoing trade negotiations and disputes have garnered a lot of attention in the farm press. New tariffs on U.S. farm products, for example, could reduce U.S. agricultural exports and commodity prices. Decisions made by trade negotiators may have multi-billion dollar effects on farm income. Biofuel policy decisions also have the potential to have large impacts on commodity markets and farm income.
Read more on: Columbia Daily Tribune

Tina L. Saitone, University of California, Davis
What Value-Added Management Programs Really Add Value to Your Cattle?
Written by Tina L. Saitone: California Cattleman Magazine - April 26, 2018
The ever-expanding suite of value-added management and marketing programs available to cattle ranchers creates substantial ranch-level complexity. Cattlemen today are faced with the challenge of determining which programs will differentiate their cattle on sale day while maximizing the profitability of their operations.

While all of these programs are likely to add costs, the additional income generated from each of these programs is uncertain. Given that lots of cattle sold typically participate in many programs and management decisions must be made months or years in advance of a sale, it is nearly impossible for a rancher to accurately forecast the premium associated with implementing any particular program.
Read more on: California Cattleman Magazine Pages 24-26

See other Member in the News items
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*Articles in response to the AAEA Communicating Out Strategy Press Releases highlighting: Government Relations, American Journal of Agricultural Economics, Applied Economic Perspectives & Policy, Choices Magazine, General Media, and/or 2018 AAEA Annual Meeting in Washington D.C.

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