Seth Meyer, University of Missouri
Joseph Glauber, IFPRI
Nathan Kauffman, Federal Reserve Bank of Kansas City
Robert Johansson, USDA-Office of the Chief Economist
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.
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.
(Continued...)
Read more on: The Washington Post
Read more on: The Washington Post
David Ortega, Michigan State University
- Grocers react to sharp spike in grocery food prices, consumer concerns of price-gouging
By: CNN - May 13, 2020 - We're Eating At Home And It's Costing Us More
By: NPR Wisconsin Public Radio - May 12, 2020 - Do groceries seem more expensive? April saw biggest jump in prices in nearly 50 years
By: Miami Herald & El Nuevo Herald - May 12, 2020 - Rwanda's coffee harvest will go forward despite pandemic - at a safe distance
By: The Conversation - May 11, 2020 - Record food prices rise, plus 2.6 percent
By: Agenzia Nova - May 14, 2020
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.
(Continued...)
Read more on: USA TODAY
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].”
(Continued...)
Read more on: Financial Times
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.
(Continued...)
Read more on: Agri-Pulse
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.
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.
(Continued...)
Read more on: The Globe Post
Read more on: The Globe Post
Wendong Zhang, Iowa State University
- Composition of China’s agriculture exports could change
By: World-Grain - May 8, 2020 - China-Brazil trade slights U.S. soybean farmers
By: Herald & Review - May 13, 2020
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.
(Continued...)
Read more on: Nature Food
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.
(Continued...)
Read more on: Newsy
Read more on: Newsy
Joseph Janzen, Kansas State University
Nathan Hendricks, 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.
(Continued...)
Read more on: UPI
Read more on: UPI
Yangxuan Liu, University of Georgia
- Cotton demand plummets due to COVID-19 pandemic
By: The Moultrie Observer - May 9, 2020 - Cotton Demand Continues to Drop
By: Southeast Ag Net Radio Network - May 11, 2020
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.
(Continued...)
Read more on: WDEV
Read more on: WDEV
Chad Hart, Iowa State University
Jayson Lusk, Purdue University
Glynn Tonsor, Kansas 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.
(Continued...)
Read more on: WSET
Read more on: WSET
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