Monday, April 10, 2023

Members in the News: April 10, 2023

David Anderson, Texas A&M University

Here’s Why Beef Is Still Pricey

By: CNN Business – April 5, 2023

In part, that’s because there’s less beef. A contraction in beef supplies has been coming for a while. We’re starting to see the effects that we knew were going to be coming for a couple of years. When extreme drought hit the United States in recent years, farmers started to rapidly sell cattle because the dry conditions, along with higher feed costs, made it expensive or impossible to maintain their herds. That wave of sales, particularly of cows used to breed, has led to supply constraints this year.”

Read More On: CNN Business

Hemant K Pullabhotla, Deakin University

"Pollution From Farm Fires Significantly Increases Blood Pressure Risk"

By: The National Tribune - April 6, 2023

“We wanted to get a sense of the value of the damages caused by this smoke, because it has a significant health impact for India. While the link between air pollution and respiratory illness has long been established, what we show for the first time with this research is the significant impact the pollution generated from agricultural fires can have on people’s blood pressure. India has the largest number of people in the world living with cardiovascular disease, nearly a fifth of all people with hypertension globally are in India by some estimates.”

Read More On: National Tribune or SBS Hindi

Wendong Zhang, Cornell University

"Energy Projects Boost Land Values"

By: Iowa Farmer Today – April 1, 2023

“A group of economists in Kansas looked at transaction data and didn’t detect statistically higher prices or lower prices for farmland with proximity to turbines. One of the primary concerns with energy projects is with appearance. Nearby homeowners and landowners don’t want the equipment to be in their line of sight. Despite that, land values are not decreasing for nearby homes. The addition of solar panels may in fact bring added value to the land overall.”

Read More On: Iowa Farmer Today

Scott Irwin, University of Illinois at Urbana-Champaign

Experts Say Grain Price Stability Unlikely In Current Climate

By: My Journal Courier – March 26, 2023

"Only about 15% of retail food prices at the grocery store are represented by raw commodity costs. This means other factors are driving food price inflation, such as wages and energy costs. Raw commodity prices at the farm level have contributed to food price inflation but not nearly to the degree as the previously mentioned factors."

Read More On: My Journal Courier

Maria Gerveni, University of Illinois at Urbana-Champaign
Scott Irwin,
University of Illinois at Urbana-Champaign

Overview of The Production Capacity of U.S. Renewable Diesel Plants For 2023 And Beyond

By: – March 30, 2023

“The continued expansion of renewable diesel capacity over the next few years remains dependent on policy and market conditions.  As shown in a previous article, recent growth in production capacity has been dramatic, with capacity in just the last two years expanding by 1.8 billion gallons.  It is important to understand how much longer the boom in renewable production capacity will last and how much more capacity might be added.”

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Gary Schnitkey, University of Illinois at Urbana-Champaign

·         Illinois Farmland Still Off To The Races, End In Sight"
By: Farm Progress – March 27, 2023

·         "How to approach the 4Rs of nutrient stewardship in 2023"
By: CropLife - April 1, 2023

Zoë Plakias, Western Washington University

Federal Banking Rules Make Funding Maryland Cannabis Industry Tricky

By: Capital News Service – April 6, 2023

“Businesses use bank accounts to hold their money to pay for things just like we do as individuals, It turns out that many cannabis businesses have a very hard time just getting a bank account.”

Read More On: Capital News Service or The Baltimore Banner

Bruce Sherrick, University of Illinois at Urbana-Champaign

·         "Farmland Values, Cash Rents Could Level Off"
By: Farm Week Now – March 27, 2023

·         "Variety of Factors Shape Demand For Land"
By: Missouri Farmer Today - April 1, 2023

David Ortega, Michigan State University

"Egg Prices Drop In Michigan, But 2023 Forecast Remains Uncertain"

By: Sentinel Standard – April 4, 2023

“Many factors play into higher egg prices at the grocery store, including the avian influenza outbreak and feed costs. We’re all feeling the effects of these rising prices at the grocery store.”

Read More On: Sentinel Standard

Jonathan Coppess, University of Illinois at Urbana-Champaign
Maria Kalaitzandonakes,
University of Illinois at Urbana-Champaign

"Americans Like Crop Subsidy Limits Where They Are, Survey Finds"

By: Successful Farming  - April 7, 2023

“In the survey, we asked participants to indicate the maximum amount of government support that an individual farmer should be able to receive in a given year, from $0 to $250,000.”

“The results … reinforce the findings that the public generally favors or prioritizes assistance to smaller farms even though the differences in amounts were relatively small.”

Read More On: Successful Farming 

Naureen Fatema, McGill University
Edwin Price,
Texas A&M University

Global Hunger, Malnutrition a Threat To U.S. National Security

By: Agri Life Today – March 3, 2023

“In the report, we categorize the risks as social and political threats, economic threats, nutrition and health threats, environmental threats and cultural threats. Some of these threats include radicalization, terrorist, environmental degradation and lost economic opportunity, as well as the potential for corruption, extremism and social unrest. We determine that greater investment in agriculture would help reduce risks by enabling developing countries to improve their crop and animal production in order to better feed themselves.”

Read More On: Agri Life Today

Hope Michelson, University of Illinois at Urbana-Champaign

"Fertilizer Update Provided At Forum"

By: Wyoming Livestock Roundup - March 31, 2023

"Small farms produce roughly 35 percent of the world’s food and consist of less than five acres, and large increases in fertilizer prices have a devastating effect on the chronically food insecure. High fertilizer prices can tip food-insecure individuals into even worse situations,” she said. “Shocks matter for the chronically food insecure and those who rely on them.” 

Read More On: Wyoming Livestock Roundup

Christopher Pudenz, Iowa State University
Lee Schulz,
Iowa State University

Why Multi-Plant Coordination Matter

By: Farm Progress – April 3,2023

“Producers and packers have been at odds over “fair” cattle price discovery ever since the first steer traded hands to be slaughtered off-farm. For decades, producers have claimed that fewer, but larger, packing companies exerted disproportionate leverage in the price discovery process.”

Read More On: Farm Progress

Russell Tronstad, University of Arizona

The Saudis Are Draining Arizona To Feed Their Cows, Right? Well, Not Exactly

By: Az Central – April 3, 2023

“The water used to irrigate farmland in Arizona, exported alfalfa accounts for 2% to 4.6% of it – or 121,000 acre-feet to 202,000 acre-feet in 2022. That’s not insignificant. The city of Phoenix typically delivers a little more than 300,000 acre-feet of water to taps each year, for comparison. But considering that agriculture accounts for about 70% of water use statewide, exported alfalfa represents just a few drops in that bucket.”

Read More On: AZ Central

Ivan Flores, University of Illinois at Urbana-Champaign
Joe Janzen,
University of Illinois at Urbana-Champaign

"Drought, Low River Water Levels, and Local Soybean Markets: The Role of Physical and Economic Distance"

By: - April 1, 2023

"The Mississippi River is a critical commercial agricultural route in the US Midwest. The Mississippi and its major tributaries connect the major grain and oilseed production area of the United States to ocean transport to major export markets. In October 2022, drought caused Mississippi River water levels to reach their lowest point in a decade."

Read More On:

Pat Westhoff, University of Missouri

High Farmland Values Are Both a Positive Sign And a Challenge

By: Columbia Daily Tribune – April 3, 2023

“Farmland values have tripled over the last 20 years. That is both a sign of the health of the farm economy and a major challenge for anyone who wants to get into farming. An average acre of Missouri farm real estate was worth $4,150 in 2022, according to the U.S. Department of Agriculture. That’s up from $1,380 in 2002.”

Read More On: Columbia Daily Tribune

Daniel Sumner, University of California, Davis

"Too Damn Messy": Flooded California Farmland Delays Plantings

By: Zero Hedge – April 3, 2023

“We're talking about workers who aren't getting jobs, and their homes may also have been flooded. California consistently faces challenges in producing crops, no matter if it's wet or dry. It may be a good idea to consider starting your own garden as a precaution against potential supply disruptions that could emerge later in the year.”

Read More On: Zero Hedge

Glynn Tonsor, Kansas State University

Consumers Expect April Beef, Pork Prices To Simmer Down

By: National Hog Farmer – April 5, 2023

“In March 2023, pork chop demand was above demand in March 2021 but that is not the case for bacon.”

Read More On: National Hog Farmer

Amit Batabyal, Rochester Institute of Technology

"City Leader, Expert, Discuss Impacts of Recent Smash-and-Grabs"

By: Rochester First - April 5, 2023

“A sense of hopelessness amongst certain segments of our society. Many of them unfortunately are a few younger people who apparently see no better prospects in the immediate future for their lives than to engage in this kind of smash-and-grab activity.” 

Read More On: Rochester First

Joana Colussi, University of Illinois at Urbana-Champaign
Gary Schnitkey,
University of Illinois at Urbana-Champaign

"Record In Brazil, Drop In Argentina: Contrasting Soybean Harvests In South America"

By: - April 3, 2023

"South American countries, which account for about 55% of the world’s soybean supply, are experiencing varying harvest expectations this crop season. While Brazil is on the verge of breaking a record in soybean production, Argentina will have its worst harvest in more than two decades. The contrasts in yields result from the effects of La Niña. Overall, South American soybean production still is expected to exceed the previous year, but to a lesser extent than initially thought.

Read More On:

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

"Report Tracks Crop Input Price Increases Over The Past Two Decades"

By: AgriMarketing - April 6, 2023

"High commodity prices, excellent yields, and large ad hoc government programs have contributed to higher farm income levels for the 2020 to 2022 crop years. However, production costs have also increased substantially leading to potential concerns over profitability in 2023 and 2024 if commodity prices decline while costs remain at current levels or have further increases.This article provides growth rates of direct costs - fertilizer, pesticides, and seed - from 2000 to 2022 using data from Illinois Farm Business Farm Management (FBFM) for corn production on high productivity farmland in central Illinois. This article builds on a previous article documenting cost changes from 1990 to 2015."

Read More On: AgriMarketing

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