Tuesday, May 30, 2023

Members in the News: May 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.

Jennifer Ifft, Kansas State University

What an El Niño Could Mean For Food Prices

By: Axios – May 2, 2023

“If El Niño ends up intensifying the prolonged drought in the Central and Southern Plains, the results would be "economically devastating.The drought we've been seeing in the region has actually contributed to high crop prices ... everywhere. El Niño event could make the extreme situation in states like Kansas actually worse."

Read More On: Axios

Tomas Nilsson, Olds College

Why Aren’t Farmers Embracing Ag Tech?

By: The Western Producer – May 6, 2023

“What really surprised me with this, when we started running through the numbers, was to find that the rate of adoption is not as high as we would like it to be. If you want to promote further environmental stewardship, to really deal with the fertilizer issues and reduce nitrogen emissions from fertilizer use… there is probably an enormous opportunity here for the industry and producer organizations to provide that education and training that’s needed.”

Read More On: The Western Producer

Jason Grant, Virginia Tech

USDA World Agricultural Supply & Demand Estimates Report

By: USSEC – May  12, 2023

“If realized, this will be the largest year-over-year production increase in nearly two decades. More than half the increase is estimated to come from increased yields in Argentina, after a historic drought. Meanwhile, USDA reports Brazil, Uruguay and Paraguay account from more than a quarter of production gains from increased plantings and higher yields across all three countries. U.S. farmers are forecast to plant acreage numbers similar to last year, but projections show higher yields.”

Read More On: USSEC

Daniel Sumner, University of California, Davis

Mangoes in Nor Cal?

By: Chico News Review – May 19, 2023

“California’s agricultural identity already has changed drastically over time. In its earliest days of statehood, California was a major producer of rain-watered wheat, grown on several million acres. When irrigation became ubiquitous, so did specialty crops that thrive in a hot, dry climate but need water in the summer.”

Read More On: Chico News Review

Aaron Smith, University of California, Davis

Automation and Precision Farming Bode Ill For Jobs in SA Agriculture But Are Crucial For Food Security

By: Daily Maverick – May 21, 2023

“The relevant question is not whether we will have mass unemployment, but what will happen to the specific workers who are replaced. Can they retrain and find new jobs? And what of their communities?”

Read More On: Daily Maverick

Glynn Tonsor, Kansas State University

K-State Plans Webinars to Address Cattle Production Challenges

By: Farms.com – May 22, 2023

“As of May 11, all but 11 counties in Kansas are abnormally dry or classified in some degree of drought. Many counties have experienced persistent severe drought since late 2021. Not only have producers dealt with forage shortages, high forage and feed ingredient costs, and toxic forages, but water quality and availability is also an issue for some.”

Read More On: Farms.com

Steven Klose, Texas A&M University

Bee-vival? Is Texas’ Bee Population Rebounding?

By: Farm Progress – May 23, 2023

“A challenge for small-scale beekeepers is the business of competing in a market where honey is produced on a large scale and readily available. Similar to other commodity product markets, small-scale honey producers may struggle to compete from a cost-efficiency standpoint. Therefore, they need to find a way to differentiate their product to attract a premium price. Niche market opportunities may come from simply being ‘locally sourced’ or being produced from a unique nectar source.”

Read More On: Farm Progress or Austin County News Online

Bruce Sherrick, University of Illinois at Urbana-Champaign

Planting Cover Crops Can Mitigate PPL Acres In Wet Springs

By: Machine Finder – May 18, 2023

“Those who are already planting cover crops are seeing benefits as a result of earlier planting, which reduces yield loss. Cover crops also boost the ability of soil to retain water, which means less runoff during heavy rains. The U.S. Department of Agriculture focuses on offering financial incentives to those who implement these practices, such as planting cover crops. Additionally, the University of Missouri provides its own incentives to state farmers who implement these tactics, including cover crop grazing and climate-smart fieldscapes.”

Read More On: Machine Finder

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

  • The biodiesel profitability squeeze
    By: Advanced Biofuels USA – May 13, 2023
  • Overview of the Renewable Fuel Standard
    By: Farms.com – May 18, 2023

Joe Janzen, University of Illinois at Urbana-Champaign

Setting Restrained Expectations For New-Crop Corn and Soybean Prices

By: Farms.com – May 16, 2023

“These new-crop supply and demand projections are valuable not because they necessarily enable users of the information to better predict forthcoming price changes, but because they establish expectations about future market conditions and provide context for forthcoming marketing decisions. Broadly speaking, prospects have coalesced around an inverted market structure with new-crop corn and soybean prices much lower than old-crop values.”

Read More On: Farms.com

Amit Batabyal, Rochester Institute of Technology

Making Rochester a Knowledge Economy? Beware Of Unintended Consequences

By: Rochester Beacon – May 24, 2023

“Those who want Rochester to become a strong center of knowledge and innovation need to think carefully about the point that as knowledge-based activities increasingly become the main propulsive force in our city, the geographic divide between individuals with different levels of income may well continue to widen, in the process intensifying differences in terms of access to education, health, and consumption amenities.”

Read More On: Rochester Beacon

David Ortega, Michigan State University

  • Food Prices Are Still High. What Role do Corporate Profits Play?
    By: Civil Eats – May 22, 2023
  • Kroger and Albertsons Say Merger Will Save Customers Money. How much?
    By: Cincinnati Enquirer – May 22, 2023
  • Pasta Prices Are Up in U.S. But Not Like Italy Crisis
    By: Axios – May 23, 2023

David Zilberman, University of California, Berkeley

Colorado River Deal Offers Only A Short-Term Fix

By: LA Times – May 24, 2023

“Paying farmers to conserve water might make sense politically, but the $1.2 billion would be better spent on water projects to help the states become less reliant on the Colorado River permanently.”

Read More On: LA Times

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

Ag Economists Revise Corn and Soybean Budgets, Both Show Losses in 2023

By: Agri-Marketing – May 25, 2023

“We update the 2023 Crop Budgets to reflect declining corn and soybean bids for fall delivery. At currently projected price levels -- $5.00 per bushel for corn and $12.30 for soybeans -- farmer returns will be negative on cash-rented farmland. If prices stay at current levels, or continue to move lower, adjustments will be needed for 2024 production to achieve positive returns.”

Read More On: Agri-Marketing

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