Members in the News: Schnitkey, Zulauf, Zhengfei, Liu, Dorfman, Colussi, Sumner, & Plakias

*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. Gary Schnitkey, University of Illinois at Urbana-Champaign Carl Zulauf, The Ohio State University Corn: Has Adverse Weather Affected U.S. Yield Trends? By: AgFax - July 14, 2022 U.S. corn yields has been increasing since the late 1930s. Current evidence suggests that U.S. yields are increasing between 1.9 and 2.0 bushels per year. While down from higher yield increases occurring in the 1960s and 1970s, historical evidence suggests that corn yields will keep growing. (Continued...) Read more on: AgFax Guan Zhengfei, University of Florida Kuan-Ming Huang, University of Florida Between a Rock and a Hard Place By: Specialty Crop Industry - July 14, 2022 The United States has been the largest agricultural exporter in the world and has had surplus in agricultural trade for decades. In 2019, however, the United States saw a deficit (-$1.3 billion) for the first time in over half a century since data were available. The $1.3 billion deficit figure is derived from total U.S. ag exports to all countries minus total U.S. ag imports from all countries. The United States had a deficit of $11 billion in bilateral trade with Mexico and a $9.7 billion surplus with the rest of the world, resulting in the $1.3 billion deficit.  (Continued...) Read more on: Specialty Crop Industry Yangxuan Liu, University of Georgia  What Is Behind The Recent Cotton Futures Market Plunge? By: Cotton Farming - July 10, 2022 Many economic indicators point to the direction of economic slowdown, with the possibility of a recession in the United States. The S&P 500 index, one of the main indexes for the U.S. stock market, recorded a 20% drop in June from its January closing peak to confirm a bear market. (Continued...) Read more on: Cotton Farming Yangxuan Liu, University of Georgia Jeffrey Dorfman, University of Georgia Ag sector likely to support economy through possible recession By: Yahoo News, Industry Update, Morning Ag Clips, & Athens CEO - July 18, 2022 While there is a lot of concern about impending recession in the U.S., the traditional economic indicators of recession aren't fully apparent, especially in the agricultural sector, according to Georgia's State Fiscal Economist Jeffrey Dorfman, a professor of agricultural and applied economics in the University of Georgia College of Agricultural and Environmental Sciences. Yangxuan Liu, assistant professor of agricultural and applied economics at CAES, said that the agriculture industry — with the exception of the cotton industry — has traditionally acted as a buffer to the economy during recessionary periods. (Continued...) Read more on: Yahoo News, Industry Update, Morning Ag Clips, & Athens CEO Joana Colussi, University of Illinois at Urbana-Champaign Daniel Sumner, University of California, Davis Climate change and extreme weather events hang heavy over global breadbasket countries By: Investment Monitor - July 15, 2022 Joana Colussi, an academic researcher at the University of Illinois and collaborator on Farmdoc, a crop data programme designed by the university, adds that major agricultural producers are also having to contend with the effects of climate change, with extreme weather events such as La Niña in Brazil becoming more and more frequent. La Niña is a weather phenomenon that cools off the surface ocean water along the tropical west coast of South America and contributes to extreme weather events. European countries can also see their production affected by regulation, according to Daniel Sumner, an agricultural economics professor at the University of California, Davis. He points out that regulatory pressure can translate into higher costs for farmers and decreased productivity that will “likely mean more commodity imports, putting a strain on world markets”. (Continued...) Read more on: Investment Monitor Zoë Plakias, The Ohio State University Holy smokes! Weed drops to record low prices despite record high inflation By: Courthouse News Service - July 15, 2022 “Instead of thinking about a national market for cannabis, we’re thinking about the Colorado market for cannabis or the California market for cannabis,” said Zoë Plakias, an assistant professor of agricultural, environmental and development economics at Ohio State University. “That means that supply and demand are the most relevant factors for what’s happening in each state.” (Continued...) Read more on: Courthouse News Service

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