Monday, June 27, 2022

Members in the News: Batabyal, Sumner, Goldstein, Rainey, Janzen, Outlaw, Thompson, Tonsor, Lusk, Khanna, Zhang, Ortega, Anderson, Schnitkey, et al.

*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.

Amitrajeet Batabyal, Rochester Institute of Technology

  • Wealth of nations: Why some are rich, others are poor – and what it means for future prosperity
    By: The Conversation - June 24, 2022
  • Some economists are skeptical of proposed federal gas tax holiday
    By: WHAM - June 22, 2022

Daniel Sumner, University of California, Davis
Robin Goldstein, University of California, Davis

The Economics of Legal Weed Don't Work

By: Time - June 21, 2022

Daniel Sumner: It’s been tough. There’s still a whole lot of illegal weed out there available to that same group of consumers, and most of them choose the illegal product because it’s half the price. Also, they have been consuming the product for the last 20 to 40 years; they’ve been dealing with this guy who knows a guy and they’re reasonably happy with the product.

Robin Goldstein: In many states, the agencies are understaffed and the process is very lengthy, time-consuming and difficult for people to get through. So it can take years and years and in the meantime, they have investors, they’re burning cash and a lot of people have lost their money just by waiting.

Read more on: Time

Ronald Rainey, University of Arkansas
Joseph Janzen, University of Illinois at Urbana-Champaign
Joe Outlaw, Texas A&M University

Jada Thompson, University of Tennessee

Bird flu outbreak waning but threat of virus lingers

By: AP News - June 16, 2022

Economists expect egg and meat prices to ease this summer as farms are able build back their flocks. “I think that there is going to start being some relief,” said Jada Thompson, an agricultural economist at the University of Arkansas.

Read more on: AP News

Glynn Tonsor, Kansas State University
Jayson Lusk, Purdue University

Kansas Cattle Deaths Dent Millions in Farmer's Pockets

By: Newsweek - June 17, 2022

While speaking with Newsweek on Friday, Glynn Tonsor, a professor in the department of agriculture economics at Kansas State University, explained that the cost of cattle is based on weight, and the 2,000 cattle that died this week likely weighed around 1,400 pounds.

Jayson Lusk, the head of the Agricultural Economics Department at Purdue University, made a similar estimate in a statement sent to Newsweek, where he estimated that the total revenue lost from the 2,000 cattle deaths could reach $3.7 million.

Read more on: Newsweek

Madhu Khanna, University of Illinois at Urbana-Champaign

Wendong Zhang, Cornell University
Joseph Janzen, University of Illinois at Urbana-Champaign

China hungry for more

By: World Grain - June 20, 2022

“It’s always been a concern, but two shocks sparked a renewed interest: the US-China trade war and African swine fever,” said Wendong Zhang, associate professor of economics, Iowa State University. “I think that another thing that also changed is that when China used to talk about self-sufficiency in agriculture, it was mainly talking about food crops. Now they’re probably thinking more broadly, this is food products.” 

“This tension between what the government says and how it acts is really interesting,” Joe Janzen, assistant professor, Department of Agricultural and Consumer Economics, University of Illinois at Urbana-Champaign, told World Grain. “They are clearly managing some very serious trade-offs between a desire for security and to have enough food, and to be in control and be self-sufficient. That’s in part why they have to behave opportunistically. They make decisions that are right at that time, so when they really need commodities from other parts of the world, they go get them. When they feel like the cost of that is too great, they pull back. They are constantly managing this trade off.”

Read more on: World Grain

Jayson Lusk, Purdue University

NAMI against ‘costly’ 2022 beef and cattle bills

By: Meat + Poultry - June 22, 2022

“The fact that most producers and packers choose to sell cattle using alternative marketing arrangements suggests they see benefits in this form of marketing in the form of increased certainty, lower transactions costs and supply chain coordination,” said Jayson Lusk, professor and head of the Department of Agricultural Economics at Purdue University, in his testimony before the House Agriculture Committee Subcommittee on Livestock and Foreign Agriculture. “Mandating a certain percent of cattle be sold on a negotiated basis would entail some producers and packers foregoing a marketing method they currently find more desirable. That is a cost. 

Read more on: Meat + Poultry

David Ortega, Michigan State University

  • The Unseen Reason For The Rising Price Of Food
    By: Mashed - June 20, 2022
  • Michigan State professor discusses why food prices are rising
    By: Fox 47 News - June 16, 2022

John Anderson, University of Arkansas

Boozman, Stabenow attend Farm Bill hearing in Jonesboro

By: Delta Farm Press - June 24, 2022

“The primary concern for farm groups leading into an expected 2023 Farm Bill is, not surprisingly, record high input prices,” said John Anderson, head of agricultural economics and agribusiness for the University of Arkansas System Division of Agriculture and the Dale Bumpers College of Agricultural, Food and Life Sciences.

Read more on: Delta Farm Press

Gary Schnitkey, University of Illinois at Urbana-Champaign
Carl Zulauf, The Ohio State University

  • Farm Bill: Reviewing the Latest CBO Baseline
    By: AgFax - June 3, 2022
  • Continuous Disaster Aid Programs in U.S. Agriculture – A Policy Discussion
    By: AgFax & Agri-Pulse - June 16, 2022
  • Disaster aid push faces checkered history, familiar barrier
    By: Agri-Pulse - June 8, 2022

Steven Deller, University of Wisconsin

Economist argues for boosting ‘homegrown’ businesses over attracting out-of-state companies

By: WisBusiness News - June 16, 2022

“Going out and trying to recruit that business is not a good use of their time,” Prof. Steven Deller said yesterday during a rural innovation event held in Beloit. “Much better off working with the businesses that are already in your backyard and the entrepreneurs that are thinking of starting a business.”

Read more on: WisBusiness News

James Mintert, Purdue University

June WASDE shows slight changes to corn, soybeans

By: High Plains Journal - June 17, 2022

In his regular series of webinars on the WASDE reports, Jim Mintert, director of the Center for Commercial Agriculture at Purdue University, said that given the wheat situation, it might be a good idea for some soybean farmers to consider double-cropping soybeans and wheat, especially those who have done so in the past.

Read more on: High Plains Journal

Eunchun Park, University of Arkansas
Ardian Harri, Mississippi State University
Keith Coble, Mississippi State University
John Anderson, University of Arkansas

Crop insurance ratings, precision agriculture focus of Arkansas agricultural economist 

By: Stuttgart Daily Leader - June 22, 2022

With farmers in the national spotlight amid soaring production costs, crop risk mitigation practices like crop insurance and futures options are more important than ever for the nation’s producers of food, fiber and fuel.

Read more on: Stuttgart Daily Leader

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