Monday, May 22, 2023

Members in the News: May 22, 2023


David Ortega, Michigan State University

Soaring Pasta Prices Caused A Crisis In Italy. What Can the U.S. Learn From It?

By: NPR – May 18, 2023

“The average Italian consumed roughly 51 pounds of pasta last year. To say that pasta is a staple in Italy is an understatement. It's part of the cultural fabric of the country; their national identity. So, when pasta prices rise, especially of this magnitude, people notice, and it's a big deal! But soaring food prices aren't unique to Italy. In fact, federal data shows that the average price of spaghetti and macaroni actually rose even more in the U.S. this past year. So why aren't Americans in a pasta panic?”

Read More On: NPR

Joseph Glauber, International Food Policy Research Institute

  • "Ukraine Grain Deal Renewed At The Last Minute"
    By: The World - May 18, 2023

  • "Warming In The Pacific Became A Threat To The World Grain Market in 2023"
    By: Forbes - May 18, 2023

  • "China Will Not Let Russia Starve"
    By: Financial News - May 17, 2023

  • "How Egypt Is Attracting Agricultural Investments To Avoid Food Insecurity"
    By: Business Monthly - May 16, 2023

David Ubilava, University of Sydney

The Looming El Niño Could Cost the World Trillions of Dollars

By: Wired – May 18, 2023

“Let's say there is a bad drought in the US that will have a negative effect on a farmer in Indiana—that crop has been insured. There is this huge policy complex that is there to make sure that farmers are not affected too badly during weather shocks. That’s hardly the case in most low- and middle-income countries.”

Read More On: Wired

Wendong Zhang, Cornell University

After Decades Of Bans, China Is Beginning To Plant Gene-Edited Crops

By: The China Project – May 18, 2023

“China has a significant yield gap in major commodities such as corn and soybean when compared to the U.S. and Brazil, and the comparative advantage suggests that they will continue to rely on global markets for imports.”

Read More On: The China Project

Margaret Lippsmeyer, Purdue University

Why is Managing Strategic Risk So Important in Production Agriculture?

By: AgFax – May 15, 2023

“Strategic risks are the uncertainties companies are exposed to because of political, government policy, macro-economic, social and natural contingencies; industry dynamics involving input markets and product markets; and competitive and technological uncertainties.”

Read More On: AgFax

Joe Janzen, University of Illinois at Urbana-Champaign

Setting Restrained Expectations for New-Crop Corn and Soybean Prices

By: – 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.”

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Marco Palma, Texas A&M University

Texas A&M's Wide Influence On Human Behavior Research Across The Country

By: Imotions – May 16, 2023

“The lab is the lynchpin of interdisciplinary collaboration, bringing together researchers from different fields, bound together through a common interest: human behavior. The application of biometric technology is virtually limitless…we can plug into any field where emotions play a significant role in human decision making.”

Read More On: Imotions

Jane Kolodinsky, University of Vermont

"Bankruptcy of National Chains And One Set To Close in Chittenden County"

By: WCAX - May 11, 2023

"The pandemic accelerated the shift toward online shopping and that for brick-and-mortar retail to survive anywhere, it requires retailers to offer a diversity of options. We think about what happens to the one-horse town when the one-horse leaves. What happens to the one-horse Amazon when Amazon decides to do something else? So, not sure that the biggest, most efficient, and cheapest way ultimately meets the needs of consumers, workers, and local economies."

Read More On: WCAX

Bruce Ahrendsen, University of Arkansas

Beginning Farmers, Ranchers Grow As Total Farm Numbers Drop

By: AgFax – May 16, 2023

“A large share of Farm Service Agency funds is going out to beginning farmers. Part of it is targeted funds required by Congress, but the FSA is exceeding those targets in most years for direct loans and serving an important role for U.S. agriculture. About one in four mid-size beginning family farm operations have either a direct or a guaranteed loan from the Farm Service Agency. So, FSA loans are being used much more than expected. FSA is an important source of credit, particularly for beginning farmers.”

Read More On: AgFax

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

Overview of the U.S. Renewable Fuel Standard

By: – May 18, 2023

“More to the point, the renewable diesel boom is entirely policy driven.  The reason is that renewable diesel is substantially more expensive to produce than the petroleum diesel that it replaces.  The implication is that little, if any, renewable diesel would be produced and consumed in the U.S. without significant policy incentives.  It is not a stretch to think of the market for renewable diesel as a “policy market.”

Read More On:

Lee Schulz, Iowa State University

  • "Economists Shedding Light on Pork Industry Market Conditions"
    By: Iowa AgriBusiness - May 18, 2023
  • "After Court Ruling, California’s Pig Production Rules To Take Effect July 1"
    By: Radio Iowa - May 16, 2023

Dermot Hayes, Iowa State University

"U.S. Could Lose $231B Over 10 Years If Both ASF, FMD Break"

By: Beef Magazine - May 17, 2023

"Exports would be lost and some of the product that might have gone to China would be rendered, making it very useless or losing a lot of value. But a lot of the muscle meat would end up on the domestic market, flooding U.S. pork retail consumers to try and get them to compensate, to consume 25% or 30% more pork and that takes a huge drop in prices."

Read More On: Beef Magazine

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