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*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. Brian Roe, The Ohio State University “How to Reduce Food Waste This Holiday Season” By: The Hill - December 26, 2022 “During the holidays, we eat more and we entertain more. So we have new dishes, larger portion sizes for numbers of guests that may or may not arrive. Our whole routine gets upset, We’re more likely to — as we entertain — not want to create too little food and so we’re oftentimes going to over-prepare items” (Continued...) Daniel Sumner, University of California, Davis ·
"Egg Prices
Have Doubled Over the Last Year" ·
“Food Shortages May
Get Even Worse in 2023—Here's Why” ·
"Why Eggs So
Expensive" Amint Batabyal, Rochester Institute of Technology “Minimum Wage Increase Could Impact Businesses In Upstate New York Counties” By: abc13 - January 2, 2023 "Basic economic theory tells us you don’t have a win-win situation in these kinds of circumstances, because just as it helps workers, someone is going to have to pay those higher minimum wages. So, small businesses, small establishments, are already being buffeted by headwinds stemming from the fact that they are facing labor shortages, they are having to deal with supply chain disruptions." (Continued...) Wendong Zhang, Cornell University ·
“Farmland values
continue to climb” ·
"Market to
Market - December 23, 2022"
Andrew Muhammad, University
of Tennessee "Tennessee Agricultural Exports Increased During a Challenging Year" By: Farms.com - December 24, 2022 “Dramatic price increases received by Tennessee producers in the first half of the year were influenced by the Russia-Ukraine conflict, drought in the Southern Plains, lower-than-expected soybean production in South America and strong global demand. However, concerns regarding the global economy and inflation reduced prices in the second half of the year.” (Continued...) Jada Thompson, University of Arkansas “Avian Influenza, Inflation Drive Up Poultry Prices; Faculty Additions Allow For More Specialized Research” By: Stuttgart Daily Leader- December 28, 2022 “Arguably, it wasn’t the best year for poultry production in general in the U.S. Farms that were in control areas had limited movements on and off farm, which leads to disruptions in normal business, causes stress and may lead to financial losses related to productivity or timing of processing. HPAI was a lot more concentrated in turkey layer farms, because they are more susceptible to it than broilers. HPAI spreads more easily in turkeys and older birds like turkeys and layers who spend more time on the farm than broilers.” (Continued...)
Joe Janzen, University of Illinois Urbana-Champaign “Study: EVs Could Cause Decline In Corn Prices” By: WorldGrain.com - December 28, 2022 “By 2037, gasoline use will be lower than 2021 levels despite population growth that increases the demand for transportation. Only after 2037 is US gasoline expected to grow as population increases offset the declines in per-capita gasoline use. Changes in these kinds of corn uses could more than absorb the long-run negative corn demand shock related to lower gasoline use” (Continued...) Carl Zulauf, The Ohio State University “2022 Fertilizer Company Profits Soared” By: Progressive Farmer - December 27, 2022 “The price of natural gas, which is used in nitrogen-based fertilizers production, affects the cost, as do farmers' returns. When farmers make more money, fertilizer companies charge more” (Continued...) Jayson Lusk, Purdue University “The November Consumer Food Insights Report Examines Regional Attitudes” By: TOI News - December 29, 2022 “The regional differences are not surprising. The West and the Northeast are generally higher cost, higher income areas, so we would expect them to spend more on groceries. At the national level, however, the survey showed a plateau in food spending since May. This effectively leads to a decrease in the value of the groceries purchased as overall groceries prices have risen rapidly throughout the year. We will closely monitor further declines” (Continued...) James Mintert, Purdue
University “Top Farmer Conference Focuses On Positioning Strategies In 2023” By: Farmers Advance - January 1, 2023 "Agriculture is a dynamic and changing industry. “We developed the top farmer conference with that in mind. We want producers and agribusiness professionals alike to understand the current economic climate and identify strategies that will position their operations for future growth and success." (Continued...) James Mintert, Purdue University “Early 2023 crop markets may require a close eye” By: Illinois Farmer Today - December 30, 2022 “We expect farm incomes and margins to tighten up in 2023. We’ve seen a big increase in land values in the past couple of years. One thing to think about is marketing a little more aggressively and taking advantage of basis moves. That can create some profit opportunities. Agriculture is a dynamic and changing industry. We developed the top farmer conference with that in mind. We want producers and agribusiness professionals alike to understand the current economic climate and identify strategies that will position their operations for future growth and success." (Continued...) Gary Schnitkey, University
of Illinois Urbana-Champaign “A Non-Decreasing Interest Rate Environment and Agriculture" By: Farms.com - January 4, 2022 “While these impacts will make the business of agriculture more difficult, rising interest rates likely will only present severe issues to a small number of agricultural firms. The extent of the financial stress created for the industry will depend on how high interest rates increase in the future, and how long they remain at elevated levels.” (Continued...) David Anderson, Texas A&M University "Less Beef Production Projected for 2023" By: The Bowie News - January 4, 2023 “Most of the country is in some form of drought. Drought affects all aspects of the cattle business. The reason we have culled so many cows this year is because of drought and the cost of corn. High corn prices will lead to a high feed cost environment into next year. Production costs have also increased faster than calf prices.” (Continued...) David Ortega, Michigan State University “Millions of Birds Died. Eggs Now Cost Nearly 50% More” By: Milve - January 5, 2023 “That’s the highest increase in any one food category at the grocery store. It’s pretty stark when you see those price increases. This is something that consumers are noticing and may be adjusting their buying behavior to compensate” (Continued...) Scott Irwin, University of Illinois at Urbana-Champaign "USDA Corn Estimates Are Accurate Overall, Says Review" By: Successful Farming – January 4, 2023 “Errors in supply and use forecasts contributed to ending stocks forecast errors due to structural changes in commodity markets that took place in the mid-2000s, along with challenges in predicting periods of economic growth and changes in exchange rates. A decade ago, there was difficulty among market participants to anticipate USDA’s figures for corn stocks, issued quarterly.” (Continued...) |
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Know another AAEA Member who has made statewide, national, or international news? Send a link of the article to Austin Sparbel at asparbel@aaea.org. What research and topics are you working on? Want to be an expert source for journalists working on a story? Contact Allison Ware at aware@aaea.org. |
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