Monday, January 30, 2023

Members In the News: January 30, 2023

*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.

David Ortega, Michigan State University

  • "Is Price Gouging Behind the Rising Cost of Eggs?"
    By: The Today Show - January 25, 2023 (Speaks at minute-mark 0:52)
  • "Why Are Eggs So Expensive Right Now, and When Will The Price Come Down? Here's a Look"
    By: Audacy - January 25, 2023

Joe Janzen, University of Illinois at Urbana-Champaign

"WASDE Recap: Acreage Surprise Boosts Old-Crop Prices"

By: - January 16, 2023

“While the report was positive for corn and soybean prices, those gains were very much concentrated in the short-run on old-crop markets. Going forward, production decisions for the 2023 crop will come under scrutiny. Analysts will look for movement in relative prices between new-crop corn and soybean futures. Current new-crop prices levels do not strongly favor one crop over another.”

Read More On:

Nick Paulson, University of Illinois at Urbana-Champaign
Gary Schnitkey, University of Illinois at Urbana-Champaign

“Crop Budgets Could Be Headed 'Back to the Future”

By: FarmWeekNow - January 16, 2023

“Farm incomes for 2021 and 2022 were fantastic, based on FBFM (Farm Business Farm Management) records, surpassing the 2012 high. The projections for 2023 suggest we may get back into the income range we had from 2013-19,” he continued. “(If realized), it’s not a disaster. But, (projected farm income) is not at the level we’re used to the last couple years.”

“We estimate average crop prices between 2022-23 and 2023-24 could decline from $6.70 to $5.80 per bushel for corn, from $14 to $13.20 for soybeans and from $9.10 to $8.50 for wheat.”

Read More On: FarmWeekNow

Jayson Lusk, Purdue University

  • “What's Really Driving Egg Prices 138% Higher in a Year?”
    By: Pork Business - January 23, 2023
  • Ag economists see several concerns for farmers in 2023
    By: Fort Wane Business News - January 25, 2023

Gary Schnitkey, University of Illinois at Urbana-Champaign

US Price Inflation – Focus on Producer Prices”

By: - January 19, 2023

“The role of US producer prices in US price inflation is examined. During the last half of the 20th Century, producer prices as a group dampened US inflation except during the high inflation of 1973-1982. In the 21st Century, producer prices have probably put some upward pressure on consumer inflation. The fuel and power producer sector played a central role in the high inflation of 1973-1982.  It has a central role in the current high inflation but its prices have increased less than in 1973-1982 relative to other producer prices.”

Read More On:

Wendong Zhang, Cornell University

  • Iowa Farmland Prices Becoming too High to Make a Profit
    By: KTV - January 12, 2023
  • How XI Jinping Plans to Fill China’s ‘Rice Bowl’
    By: InkStick - January 23, 2023
  • Egg Prices Likely to Drop – But When and How Low Is TBD
    By: NewsWise - January 24, 2023

Wenhui Feng, Tufts University
Sean Cash, Tufts University

“Dollar Stores Rising In Popularity As Food Retailers In Rural America”

By: The Hill - January 19, 2023

“Dollar stores play an increasingly important role in household food purchases, yet research on them is lacking. Many localities have established policies such as zoning laws aiming to slow dollar store expansion even though we don’t fully understand the role that they play. It was surprising to see this one type of business dominated many areas that I visited. I was intrigued.”

“The South is a hot spot. The dollar-store business model originated in the South. They have more distribution centers there, and there’s also more consumer demand."

Read more on:
The Hill


Andrew Stevens, University of Wisconsin, Madison

“Storms In California Raising Produce Prices In Wisconsin”

By: WMTV - January 23, 2023

“If Wisconsin is in the Bread Basket of the U.S., than California is the salad bowl. The rain does not just delay planting crops or damage fields with washout; it also impacts how the plants grow. Now in California, about 9 million acres or 40% of all its farmland is irrigated. The plants themselves are getting more water than they need and are going to be less productive. Much of the leafy greens and fruits hitting shelves in grocery stores across the U.S. come from California, so the ripple effect is increased prices in the produce aisles everywhere”

Read More On: WMTV

Jayson Lusk, Purdue University
Todd Kuethe, Purdue University

“Ag Economists See Several Concerns For Farmers In 2023”

By: KPCNews - January 20, 2023

“According to our analysis, spending on fresh fruits and vegetables, and especially on food at restaurants and alcoholic beverages, would likely take the biggest hit if consumer incomes fall. While predicting individual food prices is always risky business, we are likely to see higher beef prices in the years ahead when the current reductions in breeding stock ultimately dent fed cattle inventories.”

“The growth in farmland prices across the Corn Belt are supported by higher commodity prices, increased demand for conversion to nonagricultural uses, and the overall strength of the farm economy. However, the potential for growth may be limited by fear of a reversal in any of these factors, as well as increasing costs of agricultural production. In addition, the upward pressure on farm mortgage rates places downward pressure on transaction prices.”

Read More On: KPCNews, The Review, or KPVI

Jada Thompson, University of Arkansas

“El Dorado Times: Rise In Egg Prices Tied To Inflation, Avian Flu”

By: El Dorado Times - January 22, 2023

"Geographically... wild bird migrations haven't impacted us as much adding that broilers – which make up the bulk of Arkansas' poultry production – have been less affected by the virus. The hope is that [the virus] would have died over the fall and winter season, but we didn't see that. We're still seeing outbreaks all over the United States. From producers to local to regional to national, people are surveying and watching and monitoring the outbreak,"

Read More On: El Dorado Times

 Know another AAEA Member who has made statewide, national, or international news? Send a link of the article to Austin Sparbel at

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