Monday, May 18, 2020

Members in the News: Meyer, Glauber, Kauffman, Johansson, Ortega, Isengildina Massa, Hertel, Batabyal, Zhang, Barrett, Masters, Janzen, Hendricks, Liu… et al.

Seth Meyer, University of Missouri
Joseph Glauber, IFPRI

Nathan Kauffman, Federal Reserve Bank of Kansas City
Robert Johansson, USDA-Office of the Chief Economist
Farmers’ hopes for respite from Trump-era struggles fade amid pandemic
By: The Washington Post - May 11, 2020
President Trump promised this year to deliver a financial bonanza for American farmers, boosted by two historic trade deals that would free them from their dependence on government bailouts.

Instead, as the local Wendy’s runs out of hamburgers and some shelves at Costco lie bare, farmers are forced to euthanize millions of hogs and chickens, give away tons of unwanted potatoes, and pour out enough milk to fill a small lake. The closure of most U.S. restaurants amid the covid-19 pandemic has thrown the nearly $2 trillion food industry into chaos, convulsing specialized supply chains that are struggling to adjust.
Read more on: The Washington Post

David Ortega, Michigan State University

Olga Isengildina Massa, Virginia Tech
Where's the beef ... and the chicken: Should we worry about a meat shortage?
By: USA TODAY - May 2, 2020
“What the plant closures create is somewhat of an hourglass effect with plenty of supply in the bottom part and plenty of demand in the top part with the reduced processing capacity creating a bottleneck,” said Olga Isengildina-Massa, Associate Professor at the Department of Agriculture and Applied Economics for Virginia Polytechnic Institute and State University.
Read more on: USA TODAY

Seth Meyer, University of Missouri
China’s record Brazil soyabean imports impede US trade target
By: Financial Times - May 2020
The US normally exports low volumes of soyabeans in the spring months. Nevertheless, lower prices will make the target harder for China to meet later this year, he said. “Commodity prices are lower and this is a value deal and not a volume deal. They’re going to have to buy a heck of a lot of beans [to meet the target].”
Read more on: Financial Times

Thomas Hertel, Purdue University
Farm Hands on the Potomac: Nickerson named deputy chief economist at USDA
By: Agri-Pulse - May 13, 2020
Purdue University’s office of international programs in agriculture has created a new award named in honor of late Purdue professor Lowell Hardin. The award was created to honor Hardin’s legacy and his contributions to international agriculture. This year’s award recipients are as follows: Gebisa Ejeta, professor of agronomy and 2009 World Food Prize laureate; Thomas Hertel, professor of agricultural economics with a focus on issues related to international trade and environmental sustainability; Jules Janick, professor of horticulture and landscape architecture; Suzanne Nielsen, professor of food science who has been an advocate for international research, outreach and education; and John Sanders, professor of agricultural economics with a focus on the impacts of international agricultural activities and systems.
Read more on: Agri-Pulse

Amitrajeet Batabyal, Rochester Institute of Technology
Why Economists Who Have No Problem With Price Gouging Are Wrong
By: The Globe Post - May 5, 2020
Unfortunately, natural disasters affect humans with appealing regularity. The most recent case, the COVID-19 pandemic, has sickened and killed too many, stretched the resources of many governments, and resulted in significant damage to the world economy.

Even though nothing about this pandemic is usual, one event that usually accompanies or follows natural disasters has been felt this time as well: the phenomenon of price gouging. The prices of hand sanitizers, disinfectant wipes, and particularly masks, have seen excessive increases.
Read more on: The Globe Post

Wendong Zhang, Iowa State University

Christopher Barrett, Cornell University
Actions now can curb food systems fallout from COVID-19
By: Nature Food - May 7, 2020
Major food supply chain disruptions have been a catalytic feature of many historical conflicts — such as the French Revolution and the Arab Spring — leading to social unrest and violence. When global food prices jumped in 2008 and again in 2011–2012, consumers took to the streets and food riots broke out in roughly 50 countries1,2. Some of these riots turned violent, contributing to the overthrow of governments in Haiti and Madagascar, for example. If demand outstrips supply and carryover stocks run too low, it can ignite speculative activity that the food supply chain cannot satisfy; then food prices spike3.
Read more on: Nature Food

William Masters, Tufts University
William Masters On Food and COVID Video
By: Newsy - May 2020
"The world has relied on long-distance food trade for as long as there have been people. For the simple reason that each of us wants to eat a diversity of foods year-round and any given location can only produce certain kinds of things at certain times of year. So trade has been essential for a human food system since the very beginning of time. That’s not going to change. Governments do try to benefit certain groups at the expense of other using trade restrictions but those tend to the reduce the overall variety and raise costs for people when governments shut down borders," said William Masters.
Read more on: Newsy

Joseph Janzen, Kansas State University
Nathan Hendricks, Kansas State University
Trump administration overpaid some farmers with trade aid, researchers say
By: UPI - May 14, 2020
"What we tried to do is compare what the price effect of trade war was with the payments that farmers got," said Joseph Janzen, an assistant professor of agricultural economics at Kansas State University, who co-authored the study along with fellow agricultural economics professor Nathan Hendricks.
Read more on: UPI

Yangxuan Liu, University of Georgia

Jane Kolodinsky, University of Vermont
Distance Learning and Local Food
By: WDEV - May 7, 2020
"My team that has been looking at local food and the possibility of more direct to consumer has the hypothesis that yes indeed we believe that shorter supply chains for food are going to be really popular now and into the future as consumers realize that the food is available, it’s trustworthy, and it's affordable," said Jane Kolodinsky.
Read more on: WDEV

Chad Hart, Iowa State University
Jayson Lusk, Purdue University
Glynn Tonsor, Kansas State University
US meat exports surge as industry struggles to meet demand
By: WSET - May 13, 2020
U.S. meat exports are surging even as the industry is struggling to meet domestic demand because of coronavirus outbreaks at processing plants that have sickened hundreds of workers and caused companies to scramble to improve conditions.
Read more on: WSET

See other Member in the News items
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*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.

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