Monday, April 27, 2020

Members in the News: Ortega, Brown, Glauber, Vos, Sumner, Meyer, Lusk, Ledman, Hubbs, Swinnen, Pandya-Lorch, Toland, Fortenbery, Lu... et al.

David Ortega, Michigan State University
Scott Brown, University of Missouri
Save your bacon: A real meat shortage looms with virus shutdowns
By: Politico - April 23, 2020
“If we start to see more closures and these facilities remain offline for a prolonged period of time, it’s hard to imagine a scenario in which consumers don’t see changes at the supermarket,” said David Ortega, an agricultural economist at Michigan State University.
But the pipeline bringing meat from farms to stores is slowing. The dip in daily pork slaughter rates “is troubling, especially for producers,” said Scott Brown, a University of Missouri agricultural economist. “If these keep declining at the rate we have seen recently then we need to worry,” he added.
Read more on: Politico

Joseph Glauber, IFPRI

Rob Vos, IFPRI
Daniel Sumner, University of California, Davis
US agriculture: Can it handle coronavirus, labor shortages and panic buying?
By: USA Today - April 4, 2020
If that's not enough to sustain the purchasing power of laid-off workers, "then people may have to start saving on food and shift to cheaper and potentially less healthy foods," said Rob Vos, director of the Markets, Trade and Institutions Division of the International Food Policy Research Institute. 
"Any product that is on the fancy end will have more reduced demand," said Dan Sumner, director of the University of California Agricultural Issues Center. "That always happens in a recession and when there is uncertainty."
Read more on: USA Today

Seth Meyer, University of Missouri

Seth Meyer, University of Missouri
Jayson Lusk, Purdue University
Mary Ledman, Rabobank Food & Agriculture

Todd Hubbs, University of Illinois at Urbana-Champaign
Potential for global recession threatens already slumping farm economy
By: Agri-Pulse - March 17, 2020
Commodity markets continue to skid and farmers are heading into planting season facing the prospect of a global recession spawned by the coronavirus pandemic that could further depress demand for key ag commodities, including meat and ethanol, economists say.
Read more on: Agri-Pulse

Johan Swinnen, IFPRI
Rajul Pandya-Lorch, IFPRI
Africa needs inclusive food systems to prevent COVID-19 calamities
By: News Medical - April 23, 2020
"As the world struggles to battle the COVID-19 pandemic, economies and livelihoods are disrupted, with the poor [and] vulnerable ones likely to suffer the most. For instance, smallholder farmers, market vendors, women and youth directly relying on their farm activities will be hard hit." says Johan Swinnen.
Pandya-Lorch explains that urbanisation, rising incomes and changing diets are aiding the expansion of food markets in Africa and South Asia, creating enormous potential for job and income opportunities along food supply chains.
Read more on: News Medical

Gerald Toland, Southwest Minnesota State University
Local superintendents, translators and an economist respond to COVID-19 on Compass
By: Pioneer PBS - April 22, 2020
Dr. Gerald Toland is a professor of economics and the School of Agriculture department chair at Southwest Minnesota State University. Having been studying economics and agriculture for more than 40 years, Dr. Toland provides some valuable insights on how the novel coronavirus will impact our local agricultural economies and provides some hope for future students of agriculture.
Read more on: Pioneer PBS

T. Randall Fortenbery, Washington State University
High crude oil supply, low demand equals low fuel prices
By: Captial Press - April 23, 2020
The drop in oil prices was caused by a feud between the Russians and Saudi Arabians, who increased crude production at a time when storage was maxed out and worldwide demand was low due to the coronavirus quarantine, said Randy Fortenbery, small grains economist at Washington State University.
Read more on: Capital Press

Johan Swinnen, IFPRI

Liang Lu, University of Idaho
Idaho farmers struggling to sell crop amid stalled market
By: Idaho Press - April 18, 2020
Liang Lu, Ph.D., assistant professor of Applied Economics at the University of Idaho, said the most severe impact is on the supply chain for restaurants. With restaurants, schools and hotels all closed for the foreseeable future, farmers have lost a large percentage of their buyers.
Read more on: Idaho Press

Trey Malone, Michigan State University

David Anderson, Texas A&M University
Texas Ranchers Could Benefit From Government Stimulus
By: NewsRadio 740 KTRH - April 19, 2020
Dr. David Anderson is a professor and extension economist in the Texas A & M Depart of Agricultural Economics. “A meat packer buys live cattle and sells it as meat, and so as we have those plants closing, we have lower prices to producers. Yet, we have higher wholesale prices for some beef items because it constrains the supplies to the grocery stores.”
Read more on: NewsRadio 740 KTRH

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