Members in the News: Lusk, Anderson, Treme, Tonsor, Ellison, Benavidez, Maples, Maples, Sumner, Zhang, Hayes, Li, Mintert, & Irwin

Jayson Lusk, Purdue University David Anderson, Texas A&M University Fact check: Average whole turkey does not cost $83 at grocery store By: USA TODAY - November 11, 2021 "I can’t imagine that would be anything close to representative," Jayson Lusk, head of the Department of Agricultural Economics at Purdue University, said in an email. "I bought a turkey (at H-E-B) on Nov. 1 and paid $1.28 per pound for a 16-pound bird," David Anderson, an agricultural economics professor at Texas A&M University, said in an email. "If I went to a special store and ordered an already cooked or smoked turkey, then the price might be $80." (Continued...) Read more on: USA TODAY Julianne Treme, North Carolina State University Study Shows James Bond’s Salary Hasn’t Kept Up with French Restaurant Costs By: Bloomberg - November 2, 2021 “He dined often and very well,” as revealed in the series of novels and short stories launched by Ian Fleming and continued by a number of successors, economists Lee A. Craig, Julianne Treme and Thomas J. Weiss wrote in an NBER working paper. (Continued...) Watch video on: Bloomberg Glynn Tonsor, Kansas State University Meat 'sticker shock' looms as US$3,000 bonuses fail to end worker shortfall By: BNN Bloomberg - November 4, 2021 Meat processors can also invest in automation to boost productivity and reduce labor, according to Glynn Tonsor, a professor of agricultural economics at Kansas State University. However, the industry has been pursuing this for years with little to show for it, he said. It’s also pushing for the federal government to expand work visas. (Continued...) Read more on: BNN Bloomberg Brenna Ellison, University of Illinois at Urbana-Champaign Can't Settle on a Menu Selection? Listen to Your Tablemates By: Medicine Net - October 25, 2021 "My conclusion from the research is that people want to be different, but not that different," study author Brenna Ellison, a food economist at the University of Illinois, said in a university news release. "We want to fit in with the people we're dining with. It goes against the expectation that people will exhibit variety-seeking behavior; we don't want to be that different from others." (Continued...) Read more on: Medicine Net Justin Benavidez, Texas A&M University Expect to Pay More for a Turkey This Year By: Food & Wine - November 4, 2021 Justin Benavidez, assistant professor of agricultural economics with Texas A&M's AgriLife, told the nearby KRHD News that this decreased production was the primary cause of the price increase. "This is actually one of those rare situations where the pandemic didn't have much to do with the supply and demand of turkey," he was quoted as saying. (Continued...) Read more on: Food & Wine Josh Maples, Mississippi State University William Maples, Mississippi State University Economists, brothers share outlook for 2022 By: Delta Farm Press - November 5, 2021 After two really tough years, Josh said the current beef outlook is positive, as well. Thanks to a tightening supply, beef producers may finally be able to participate in high beef prices.   “There’s a lot of optimism in agriculture right now,” said Will. “That’s not to say there aren’t challenges and concerns, but it’s good to see producers be encouraged by the markets.”   (Continued...) Read more on: Delta Farm Press Daniel Sumner, University of California, Davis Turkey tension? Supply chain disruptions may alter holiday meal By: Southwest Farm Press, California News Times, & The Denver Channel - November 8, 2021 “What I would say to folks that are really interested in the environmental consequences of their meals -- one thing to do is make sure you eat it all,” Sumner said. Because the resources already went into making it, whether you eat it or not. (Continued...) Read more on: Southwest Farm Press, California News Times, & The Denver Channel James Mintert, Purdue University Farmer sentiment weakens amid rising concerns of a cost-price squeeze By: Morning Ag Clips & WBIW - November 2, 2021 “Recent weakness in farmer sentiment appears to be driven by a wide variety of issues, with concerns about input price rises topping the list,” said James Mintert, the barometer’s principal investigator and director of Purdue University’s Center for Commercial Agriculture. “Rapid run-ups in input prices, especially fertilizer for crop production, are giving rise to concerns among producers about their operating margins weakening. Livestock producers are also concerned about a cost-price squeeze, especially in the pork and dairy sectors.” (Continued...) Read more on: Morning Ag Clips & WBIW Wendong Zhang, Iowa State University Dermot Hayes, Iowa State University Minghao Li, New Mexico State University Mutual interests in agricultural cooperation US focus – China policy paper by Iowa State University economist By: Community News - November 10, 2021 This message is echoed in a new policy report, “Finding Firmer Ground: The role of Agricultural Cooperation in US-China Relations” by Wendong Zhang, an associate professor of economics at Iowa State University, and Dr. Minghao Li, assistant professor of economics, applied statistics, and international business at New Mexico State University, formerly with the Center for Agricultural and Rural Development (CARD) in the state of Iowa. Originally from the Chinese province of Shandong, Wendong Zhang co-founded a new China Ag Center within CARD with economist Dermot Hayes. One of the center’s projects is a new partnership with the Chinese Academy of Agricultural Sciences to sponsor shared educational exchanges. (Continued...) Read more on: Community News Scott Irwin, University of Illinois at Urbana-Champaign Farmers’ grain delivery options account for price, place By: The Pantagraph - October 29, 2021 “The classic example is the farmer who sells to his co-op because it’s 10 miles away from where he’s harvesting,” said University of Illinois ag economist Scott Irwin. “But I think that the vast majority of farmers are very aware of where they can earn nickels and dimes. They know who’s giving their operation a good bid.” (Continued...) Read more on: The Pantagraph Wendong Zhang, Iowa State University Pressured by suburban growth, grain elevators will close in Altoona, Bondurant — 'beacon on the prairie' to vanish. By: Des Moines Register - November 9, 2021 He points to a farm south of Cedar Rapids that sold this fall for a record $26,000 an acre. It's not the farmland's rating for its corn yields "that's getting the premium," Zhang said. "It's the location that's garnering the premium." (Continued...) Read more on: Des Moines Register

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