Daniel Sumner, University of California, Davis Biden administration pledges $1 billion to help small meatpackers compete By: Marketplace - January 4, 2022 Part of the issue is that ranchers don’t have a lot of meatpackers they can sell to. That’s been true for decades, according to Dan Sumner, an agriculture economist at the University of California, Davis. “Concentration has been around in the meatpacking industry for a very long time, at least a generation or two. And it really hasn’t changed very much,” he said. The Joe Biden administration said the aid package is meant to increase competition by expanding processing capacity. Even with the additional aid, it’ll be a challenge for smaller producers to compete in the long term, per Glynn Tonsor, who teaches agricultural economics at Kansas State University. (Continued...) James MacDonald, University of Maryland Can $1 billion really fix a meat industry dominated by just four companies? By: The Counter - January 5, 2022 James MacDonald, a University of Maryland agricultural economics professor who has conducted research on meat industry concentration, said that two important factors drove what he described as a “dramatic” rate of consolidation in the industry in the 1970s and 1980s: economies of scale and lower wages. (Continued...) Gary Schnitkey, University of Illinois at Urbana-Champaign Demand for new farm equipment outweighs current supplies By: NPR - December 30, 2021 The reason why we see it go up is because farmers have disposable income, so they have money to spend, and the tax laws really, really favor purchasing equipment. (Continued...) James Mintert, Purdue University Farmer sentiment rises on strengthening current financial position By: Morning Ag Clips - January 4, 2022 “Excellent crop yields this fall, combined with strong crop prices, provided many producers with their most positive cash flow in recent years. That combination helps explain the year-end rise in the financial index as well as the barometer overall,” said James Mintert, the barometer’s principal investigator and director of Purdue University’s Center for Commercial Agriculture. (Continued...) Scott Irwin, University of Illinois at Urbana-Champaign 2022 Market Outlook for Corn and Soybeans: Part 1, Export Sales By: Crop Producer - December 29, 2021 Corn and soybean prices have shown remarkable resilience in 2021. During the 2020-21 marketing year, nearby futures prices peaked in May 2021 at over $7.50 per bushel for corn and $16 per bushel for soybeans. This rally was caused by a surge in US exports coupled with production shortfalls in major growing regions outside the US. Since that time, prices for both crops have remained at historically high levels. As the calendar year draws to a close, the nearby futures price for corn remains near $6 per bushel and for soybeans near $13. (Continued...) George Frisvold, University of Arizona Arizona's wine grape industry is growing By: Western Farm Press - January 12, 2022 What Bickel and fellow researchers Dari Duval, and George Frisvold found was a lot of forward movement and direct economic effect in the last couple of years. “There’s been more discussion about non-bearing acreage indicating that more acres of wine grapes have been put into production,” they report. (Continued...) Patrick Westhoff, University of Missouri Is this the end of the $2 taco truck taco? By: Daily Magazine & Columbia Daily Tribune - December 31, 2021 On balance, 2021 has been a pretty good year for the farm sector. Farm commodity prices and net farm income are well above pre-pandemic levels and landowners are benefiting from higher land values. Compared to 2020, farmers are getting a lot more of their income from selling crop and livestock products, and less in the form of government checks. (Continued...) Sandro Steinbach, University of Connecticut Inefficient California ports cost farmers billions By: Phys.org & News Concerns - January 3, 2022 According to the authors of the study, including Sandro Steinbach, assistant professor in the College of Agriculture, Health and Natural Resources, this amounts to around $2.1 billion in lost foreign sales, which exceeds losses from the 2018 U.S.-China trade war. Xiting Zhuang, doctoral student in UConn's Department of Agricultural and Resource Economics, calculated that "by September 2021, nearly 80% of all containers leaving California ports were empty—about 43% fewer filled containers leaving California's ports than there were prior to the pandemic." (Continued...) Brian Whitacre, Oklahoma State University Only a Fraction of Eligible Households Signed up for Emergency Broadband Benefit Service By: The Daily Yonder - January 6, 2022 Brian Whitacre, a professor of Agricultural Economics and Extension Specialist for Rural Economic Development Oklahoma State University Extension, noted that as a nation, there has been about 1 million new sign-ups each month since June. (Continued...) Scott Swinton, Michigan State University The ag labor crisis likely to only get tougher By: Brownfield Ag News - January 10, 2022 Scott Swinton with Michigan State University tells Brownfield long term seasonal ag labor trends are problematic and likely to get worse, “Some people who would have entered the workforce are choosing not to enter the workforce and what that means is even though we’re back to low levels of unemployment, we have not seen growth in the number of people in the workforce,” he explains. (Continued...) Andrew Stevens, University of Wisconsin UW researchers working to show perennials are profitable through new $10M project By: Wisconsin Public Radio - December 30, 2021 "We know agronomically there are a lot of benefits to perennial grasses and forage-based systems, but it's not so clear that those are always economically optimal for a farmer or even efficient from a societal perspective," Stevens said. "I'm really interested in understanding where and when these more diversified systems are likely a good idea and sustainable both environmentally and economically." (Continued...) Dawn Thilmany, Colorado State University Biden to use $1B to help small and mid-size meat processors By: Wyoming Public Radio & Boise State Public Radio - January 4, 2022 “There were already bottlenecks,” said Dawn Thilmany, a Colorado State University professor of agricultural economics. “So of course, when the shock happened almost two years ago, it only exacerbated the issue. And, in addition, we’ve seen some additional interest from consumers in wanting to support local businesses.” (Continued...) Azzeddine Azzam, University of Nebraska-Lincoln Biden's $1 billion bet to make beef cheaper: When will prices fall? By: WSIL TV & WISN - January 4, 2022 "I've done some research about this ... trying to find out how markets will perform if there is what I call an intervention by the government," said Azzeddine Azzam, professor of agricultural economics at the University of Nebraska-Lincoln. Azzam found that "investments that go to meat processors really are not going to make that much difference," given the high concentration in the industry. (Continued...) K. Aleks Schaefer, Oklahoma State University Did the Distribution of Ad Hoc Farm Payments Affect the 2020 Presidential Election? By: Seed Daily, Magazines Today, Street Insider, News Blaze, & One News Page - December 27, 2021 In the new article "Political returns to ad hoc farm payments?", Aleks Schaefer from Oklahoma State University, Joseph Janzen from University of Illinois, Trey Malone from Michigan State University and Daniel Scheitrum from the University of Arizona, look at whether the distribution of ad hoc farm payments made under MFP and the Coronavirus Food Assistance Program (CFAP) affected voting patterns in the 2020 Presidential Election. (Continued...) Aaron Smith, University of Tennessee Gov. report: gains seen in all major agricultural sectors By: Claiborne Progress - December 29, 2021 Researchers from the University of Tennessee Institute of Agriculture reports gains in all major agricultural sectors in this year’s economic report to the governor. This is a marked improvement from the previous fiscal year that reflected depressed global demand for U.S. exports tied to the COVID-19 pandemic and continued trade tensions. (Continued...) Keith Coble, Mississippi State University Coble, Gundersen, Nayga, Mishra, Roe, and Smale Named Class of 2022 AAEA Fellows By: Seed Daily, Business Class News, Manhattan Week, Next Wave Group, One News Page, Magazines Today, & News Blaze - January 4, 2022 Recognition as an AAEA Fellow is AAEA's most prestigious honor. The main consideration for selecting Fellows is continuous contribution to the advancement of agricultural or applied economics as defined by the Vision Statement. Achievements may be in research, teaching, extension, administration, and/or other contributions to public or private sector decision-making. (Continued...) |
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