Monday, July 17, 2023

Members in the News: July 17, 2023


David Ortega, Michigan State University

  • Got Sriracha? The Price For a Bottle of Huy Fong’s Iconic Hot Sauce Gets Spicy With Supplies Short
    By: Associated Press – June 13, 2023
  • Food Prices Rose At a Slower Rate In June
    By: The New York Times – June 12, 2023

Andrew Muhammad, University of Tennessee

Ag Exports May Decline, but U.S. Whiskey Exports Climb

By: Farm Progress – July 6, 2023

When considering U.S. agricultural exports, we often think about major bulk commodities like soybeans, corn, and cotton, as well as animal products such as beef, pork, poultry, and dairy. Rarely do we consider whiskey (which includes bourbon, whiskey, rye whiskey), despite distilled spirits being a major U.S. export.”

Read More On: Farm Progress

Jason Grant, Virginia Tech

U.S. Agricultural Exports to China Soar and Market Share Returns to Pre-Trade War Levels

By: Southern Ag. Today – July 13, 2023

“In 2022, China’s total food and agricultural imports reached a record $218 billion, compared to its agricultural exports of $70 billion making China the largest net importer of food and agricultural products by a considerable margin. China’s 2022 import levels follow on the footsteps of retaliatory tariff increases in 2018 and 2019, the Economic and Trade Agreement between the United States of America and the People’s Republic of China, and the Covid-19 pandemic.”

Read More On: Southern Ag. Today

Brady Brewer, Purdue University

Want To Lower Food Inflation? Invest In Ag Research

By: Land O Lakes Inc. – June 6, 2023

“Inflation has hit consumers and farmers just as bad. Part of the reason grocery store prices increased by 10% is because prices for farmers rose by that amount or more.”

Read More On: Land O Lakes Inc.

Daniel Sumner, University of California, Davis

An Insane Amount of Water’: What Climate Change Means For California’s Biggest Dairy District

By: BS in Politics – July 10, 2023

“With the country’s average herd ranging around 300 heads, just about all dairies in California are considered large by U.S. standards. The scale helps keep the Golden State’s dairy prices in check.”

Read More On: BS in Politics or Modern Farmer

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

"Crop Insurance, Marketing & Income Prospects on Midwest Grain Farms"

By: Agri Marketing July 9, 2023

“Much-needed rains recently came through the Midwest, increasing yield prospects and decreasing the chance of a significant drought like that in 2012. Income prospects, however, did not improve, as corn prices fell by over $1.00 per bushel in a week. Overall, new crop pricing of corn at this point will not reduce revenue risk as corn prices are near trigger levels for high coverage RP policies. Downside revenue risks for soybeans are more significant. Pre-harvest sales of soybeans can reduce downside price risks.”

Read More On: Agri Marketing

Glynn Tonsor, Kansas State University

U.S. Consumers Less Willing To Pay For Beef, Pork in June

By: National Hog Farmer – July, 12, 2023

“The trend of those 16% reporting household finances that are better than last year including meat protein in prior day meals at higher rates is not unique to beef and pork. This holds true for chicken and fish/seafood as well. Those indicating their household financed are the same (47%) or worse (36%) than last year report much higher cases of other (something besides beef, pork, chicken and fish/seafood) or no protein in prior day meals."

Read More On: National Hog Farmer

Jayson Lusk, Purdue University 

As Food Prices Rise in June, Analysts Warn of a ‘Tipping Point’ for Americans

By: Financial Press – July 14, 2023

“Overall, there continues to be a similar narrative of extended upward pressure on food prices as we try to discern whether this stress has led to a tipping point where consumers are struggling to buy the foods that they want. The 17% food insecurity rate is up from 14% just two months ago, which is not necessarily far outside of the normal variation we have measured. However, this increase could be concerning given the sum of external pressures being exerted on more vulnerable consumers.”

Read More On: Financial Press or MENA FN

Tara Wade, University of Florida

UF experts: Florida Watermelon Growers Sold a Bumper Crop This Year

By: Morning Ag. Clips – July 13, 2023

“Florida watermelon growers do well because they can take advantage of relatively high prices early in the season.”

Read More On: Morning Ag Clips

Joseph Glauber, International Food Policy Research Institute

Russia's Threat To Pull Out of Ukraine Grain Deal Raises Fears About Global Food Security

By: Associated Press – June 5, 2023

"Concerns are growing that Russia will not extend a United Nations-brokered deal that allows grain to flow from Ukraine to parts of the world struggling with hunger, with ships no longer heading to the war-torn country’s Black Sea ports and food exports dwindling," Associated Press writes in piece about the critical agreement between the two countries."

Read More On: Associated Press

David Zilberman, University of California, Berkeley

"Despite Deal, Colorado River’s Long-Term Water Crisis Remains Unsolved"

By: Fresh Society - June 15, 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. My feeling is, if you really want to solve the water problem, and you have money, use it to increase our resources. That could include investments in water recycling and desalination, and efforts to improve drainage, treat contaminated water and enhance the quality of aquifers."

Read More On: Fresh Society

Diane Charlton, Montana State University

"Global Food Supply Chains and Labor Migration"

By: Ag Econ MT - July 14, 2023

"I have frequently written about the immigrant farm labor supply in the United States. More than two-thirds of the U.S. crop workforce is foreign-born. As the U.S. economy grew in the twentieth century, U.S.-born workers moved out of farm work, and today less than 2 percent of the workforce is employed on farms. A similar story is playing out in Europe as well, and it has important implications for world labor migration, agricultural production, and international trade."

Read More On: Ag Econ MT

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