Amitrajeet Batabyal, Rochester Institute of Technology
Microeconomics explains why people can never have enough of what they want and how that influences policies
By: The Conversation - August 31, 2021
Economics is broadly divided
into macroeconomics and microeconomics. The big picture, macroeconomics,
concentrates on the behavior of a national or a regional economy as a
whole: the totals of goods and services, unemployment and prices.
(Continued...)
Read more on: The Conversation
Joseph Glauber, IFPRI
Sandy Dall'Erba, University of Illinois at Urbana-Champaign
Study Proposes New Ways to Estimate Climate Change Impacts on Agriculture
By: Environmental News Network - August 23, 2021
“If
you pay attention to forecasts of how the climate will affect U.S.
agriculture, the results are completely different. Some scientists
predict it's going to have a positive impact for the nation in the long
run, some report it's going to have a negative impact,” says study
co-author Sandy Dall’Erba, professor in the Department of Agricultural
and Consumer Economics (ACE) and director of the Center for Climate,
Regional, Environmental and Trade Economics (CREATE) at U of I.
(Continued...)
Read more on: Environmental News Network
Charley Martinez, University of Tennessee
Farming Fundamentals geared toward educating new and beginning farmers
By: Co-op - August 31, 2021
Not everyone who farms started out on a
farm. Some are one, two or even three generations removed from life on
the land, but they aspire to live a rural life and work a farm to
support themselves and their family. To address this growing trend in
Tennessee, University of Tennessee Extension has expanded the role of
Charley Martinez, an assistant professor and Extension specialist in the
Department of Agricultural and Resource Economics.
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Read more on: Co-op
Zoë Plakias, The Ohio State University
Jeffrey O’Hara, USDA - Agricultural Marketing Service
Timothy Woods, University of Kentucky
Dawn Thilmany, Colorado State University
Rebecca Jablonski, Colorado State University
Hailey Edmondson, Colorado State University
The buy local boom of the pandemic bottoms out in 2021
By: Farm and Dairy - September 1, 2021
The Consumer Food Insights survey
was born out of a joint project between Colorado State University,
Pennsylvania State University’s Northeast Regional Center for Rural
Development, the U.S. Department of Agriculture’s Agricultural Marketing
Service and the University of Kentucky looking into the local food
system’s response to COVID.
“There are lots of pressures
[consumers] are facing,” said Zoë Plakias, assistant professor in Ohio
State University’s department of agricultural, environmental and
development economics. She studies U.S. supply chains and food systems,
with a focus on short supply chains, direct marketing and local foods.
(Continued...)
Read more on: Farm and Diary
Michelle Segovia, University of Missouri
Corinne Valdivia, University of Missouri
University of Missouri plays crucial role in new NSF artificial intelligence institute
By: Mirage - July 30, 2021
MU’s team, including Segovia and
Corinne Valdivia, will conduct surveys, participatory workshops and
economic experiments to identify the social, behavioral and business
catalysts, and barriers to adoption of the digital twins. Insights
gained from these efforts will directly inform the development and
deployment of the technology, providing crucial information about the
values, concerns and practices of decision makers – i.e. farmers,
consumers, and other stakeholders – resulting in digital twins
innovations that are salient, trusted and actionable.
(Continued...)
Read more on: Mirage
Bruce McCarl, Texas A&M University
'Volatility Is Opportunity': How The Agriculture Sector Is Responding Positively To Climate Change
By: Markets Insider - July 29, 2021
University Professor in the department
of agricultural economics at Texas A&M University Bruce
McCarl agreed. Some of his research has found that climate change has
caused crop production to expand in much of the U.S. The Dakotas, for
instance, have tripled their corn production in recent years. The states
hit hardest by climate change are already warm.
(Continued...)
Read more on: Markets Insider
Glynn Tonsor, Kansas State University
Senate hearing elicits critical facts and logic
By: Canadian Cattlemen - August 27, 2021
Glynn
Tonsor, PhD, Kansas State agricultural economics professor, provided
perspective, reminding folks that the beef supply chain is very complex,
is constantly evolving and that not all the players accept all the
evolutions.
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Read more on: Canadian Cattlemen
James Mintert, Purdue University
- Crop report takeaway: 'Indiana crop production doing very well'
By: AgriNews, AgriMarketing, & Hoosier Ag Today - August 29, 2021
- As producer sentiment holds steady, farmers weigh in on rising input prices and farmland values
By: WBIW - August 3, 2021
Luis Ribera, Texas A&M University
Bart Fischer, Texas A&M University
Oral Capps, Texas A&M University
Food availability depends on agricultural imports and exports
By: Southwest Farm Press - August 6, 2021
Economic activity related to the
importation and exportation of agricultural products benefits consumers
and helps stimulate both the Texas and U.S. economy, according to
experts from the Department of Agricultural Economics in the Texas
A&M College of Agriculture and Life Sciences.
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Read more on: Southwest Farm Press
Richard Sexton, University of California, Davis
No Prop 12 delay as state's pork prices set to rise
By: Western Farm Press - August 30, 2021
“The roughly 9% of North American sows
affected will each get about 20% more housing space," noted coauthor
Richard Sexton, a UC Davis professor of agricultural and resource
economics. "But, the additional space will be for those sows that
already have more space, not those confined in small individual stalls.”
(Continued...)
Read more on: Western Farm Press
Joseph Outlaw, Texas A&M University
New webinar: Exploring farmers' climate-smart tools
By: Morning Ag Clips - August 30, 2021
This Agri-Pulse webinar will document
some of the progress that has been made in developing a systems approach
to water conservation, discuss barriers to adoption, and provide data
on how on-farm profitability is impacted. Speakers include:
- Joe Outlaw, Ph.D., regents fellow, professor and extension
economist in the Department of Agricultural Economics at Texas A&M
University
(Continued...)
Read more on: Morning Ag Clips
Barry Goodwin, North Carolina State University
Why California’s new pork rules could mean big changes for Minnesota hog farmers
By: MinnPost - August 6, 2021
A report on the economic impact of
Prop 12 by Barry Goodwin, a professor at North Carolina State University
specializing in agricultural economics, describes the new space
requirements as not backed by animal science.
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Read more on: MinnPost
Carson Reeling, Purdue University
With Dynamic Lotteries, You Get What You Need
By: Indiana Ag Connection - August 5, 2021
"Most of the time, price dictates who
gets an in-demand item, but we can all agree there are certain resources
that shouldn't simply go to the highest bidder," said Carson Reeling,
an associate professor of agricultural economics at Purdue University
who led the study. "A dynamic lottery levels the playing field, but
still sorts out who values a resource the most. It also, according to
our study, improved the well-being of the participants relative to other
non-price means of allocating resources."
(Continued...)
Read more on: Indiana Ag Connection
Bart Fischer, Texas A&M University
Joseph Outlaw, Texas A&M University
Potential impact of inheritance legislation on family farms
By: Wisconsin State Farmer - August 2, 2021
“Senator John Boozman, ranking member
of the Senate Committee on Agriculture, Nutrition and Forestry, and
Representative G.T. Thompson, ranking member of the House Committee on
Agriculture, asked the Agricultural and Food Policy Center to examine
what impact these proposals would have on farmers and ranchers,” said
Bart Fischer, Ph.D., co-director of AFPC.
“Agricultural producers are
extraordinarily sensitive to changes in stepped-up basis and estate
taxes because much of their net worth is traditionally comprised of land
and equipment,” said Joe Outlaw, Ph.D., co-director of AFPC and primary
report author.
(Continued...)
Read more on: Wisconsin State Farmer
Gary Schnitkey, University of Illinois at Urbana-Champaign
Stress Testing an Illinois Grain Farm
By: KMA Land - August 29, 2021
The breakeven prices, by the way, are
calculated at $4.41 for corn and $10.23 for soybeans at trend yield.
Those breakeven cash prices are higher than in the past says Schnitkey
because non-land costs have gone up by about $100 per acre since 2014
for corn and 50 bucks for soybeans. Should the corn and soybean market
move back to 2014 to 2019 price levels, $3.64 for corn on average and
$9.91 for soybeans, then things turn really ugly says Schnitkey. For
comparison, the average net income on the farm during that period was
$25 per acre.
(Continued...)
Read more on: KMA Land
Chengzheng Yu, University of Illinois at Urbana-Champaign
Madhu Khanna, University of Illinois at Urbana-Champaign
Ruiqing Miao, Auburn University
US corn and soybean maladapted to climate variations, study shows
By: Effingham Daily News - August 24, 2021
Yu, Khanna, and co-author Ruiqing
Miao, Auburn University, studied corn and soybean yield from 1951 to
2017 in the eastern part of the U.S., an area where crops can grow
without irrigation. Crop yield increased significantly during this
period due to a wide range of technological and breeding improvements.
But when the researchers isolated the effect of climate-related
adaptations, they found significant negative impacts on yield.
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Read more on: Effingham Daily News
Matthew Stockton, University of Nebraska-Lincoln
Jay Parsons, University of Nebraska-Lincoln
UNL hosting weaning webinar Thursday
By: The North Platte Telegraph - July 31, 2021
Panelists will include Karla Wilke, a
cow/calf specialist in the university’s Department of Animal Science;
Randy Saner, a beef systems educator with Nebraska Extension; Matt
Stockton, an agricultural economics specialist with Nebraska Extension;
and Jay Parsons, a farm and ranch management specialist in the
Department of Agricultural Economics.
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Read more on: The North Platte Telegraph
Cicely Batie, University of Nebraska-Lincoln
Nebraska Department of Agriculture names Lexington native as assistant director
By: The North Platte Telegraph & KSNB - July 21, 2021
“Agriculture is not only a family
tradition; it’s become my professional passion. I’m excited to be a part
of the Nebraska Department of Agriculture in my home state where
agriculture is our No. 1 industry,” Batie said. “I look forward to
learning more about the great work the department does for Nebraska’s
farmers and ranchers and to help capitalize on the many opportunities we
have to promote and engage with the agriculture industry.”
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Read more on: The North Platte Telegraph & KSNB
Todd Kuethe, Purdue University
James Mintert, Purdue University
Indiana farmland prices hit record high in 2021
By: Dubois County Herald - August 3, 2021
“A unique combination of economic
forces including net farm income, expected income growth, crop and
livestock prices, interest rates, exports, inflation, alternative
investments, U.S. policy, and farmers’ liquidity, all played a major
factor in the price increase we’re experiencing,” said Todd H. Kuethe,
Purdue associate professor and Schrader Endowed Chair in Farmland
Economics and survey author.
For more in-depth analysis on the
survey, the Purdue Center for Commercial Agriculture will host a free
webinar Friday, Aug. 20, from 12:30 to 1:30 p.m. ET. Join Purdue
agricultural economists Todd Kuethe, James Mintert and Michael
Langemeier as they break down the Purdue Farmland Values Survey and USDA
Land Values report, discuss marketing strategies for 2021 corn and
soybean crops, and make projections for 2022 corn and soybean returns.
(Continued...)
Read more on: Dubois County Herald
James MacDonald, University of Maryland
Family farms find ways to meet challenges and protect agricultural heritage
By: Polk County Itemizer-Observer - August 4, 2021
There’s been a “steady shift” of
production to much larger operations, said economist James MacDonald,
visiting research professor at the University of Maryland in College
Park, who has written extensively on family farm operations.
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Read more on: Polk County Itemizer-Observer
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