Members in The News: February 12, 2024

 

*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. Wendong Zhang, Cornell University “The Food Security Gene” By: The Wire China – February 4, 2024 “The general public in China has very significant anxieties and concerns and, in part, the government probably wanted it that way, because they worried about market takeovers from foreign seed companies.” (Continued...) Read more on: The Wire China Bill Ridley, University of Illinois at Urbana-Champaign “How The Russian Invasion Of Ukraine Has Impacted The Global Wheat Market” By: Phys.org – February 5, 2024 "At the start of the invasion, everybody was really concerned there was going to be an explosion in wheat prices. We did see a massive spike in prices, but eventually, the market adjusted and price impacts leveled out. Global wheat prices jumped by 28% in the early phases of the war, but within a few months, they began to decrease, although they remain 2%–3% higher than before the invasion.” (Continued...) Read more on: Phys.org Glynn Tonsor, Kansas State University “Recent Cattle on Feed Provides No Unexpected Turns” By: High Plains Journal – February 2, 2024 “There continues to be no indication in national aggregate at least) that initiated herd expansion by holding back heifers. This not surprising and signals summer of 2024 is the earliest we may start to see that occur with the summer of 2025 being more likely to have an impactful number of heifers retained.” (Continued...) Read more on: High Plains Journal Michael Adjemian, University of Georgia “UGA Records All-Time High Economic Impact in 2023” By: WGAU -  February 2, 2024 “The most important factors that contributed to UGA’s growing economic impact were increases in the benefits that the university provides across each of its mission areas. The impact of instruction grew by $219 million, research by $28 million and outreach by $161 million, year over year.” (Continued...) Read more on: WGAU Maria Kalaitzandonakes, University of Illinois at Urbana-Champaign “Expert Says Multistate Foodborne Illness Outbreaks Impact Restaurant Stock Price, Public Perception” By: Quick Telecast – February 4, 2024 “Foodborne illness outbreaks are somewhat common in the U.S. If you operate a restaurant, it’s difficult to get that risk down to zero. When a restaurant has a single-state outbreak, the public may not even hear about it. But if you have what happened at Chipotle—where your brand becomes associated with foodborne illness after a multistate outbreak—that’s when you start to see responses to these single-state outbreaks. Investors start to get rattled, the media pays attention and we see clear impacts from those types of outbreaks.” (Continued...) Read more on: Quick Telecast or The Packer, Medical News Christopher Wolf, Cornell University “2024 Could Have Fewer Milk Indemnity Payments, but Global Uncertainty Highlights Need for Risk Management” By: Lancaster Farming – February 7, 2024 “Doing things with milk to meet the different markets to reflect the preferences of the population has certainly been happening. Fluid milk consumption is still on the decline, though. Likewise, plant-based milk consumption has been decreasing since a 2021 peak. Almond milk is seeing a decline, while oat milk has increased and soy milk has stayed flat.” (Continued...) Read more on: Lancaster Farming Steven Deller, University of Wisconsin-Madison “Report: Most Of Wisconsin’s High-Paying Future Job Openings Require A College Degree” By: WPR – February 5, 2024 “The decision to invest in education does have a gender dimension. Whether this increase in average earnings from pursuing higher education justifies the associated costs is a decision unique to each person.” (Continued...) Read More On: WPR James Mintert, Purdue University “Weakened Commodity Prices Cast a Shadow on Farmer Sentiment” By: Morning Ag Clips – February 6, 2024 “While farmer sentiment has been stronger than it was in 2015 and 2016, it has been relatively weak. This is despite high net farm income adjusted for inflation. High input prices, high cost of production, is clearly bothering people, followed by the fear of lower crop and livestock prices in 2024. ” (Continued...) Read More On: Morning Ag Clips Amitrajeet Batabyal, Rochester Institute of Technology “The Human Cost Of Cashless Transactions” By: Rochester Beacon – February 7, 2023 “The poor in Rochester and elsewhere in the U.S. are frequently unbanked. This means that they have no access to and/or do not use banking services. Nationwide, nearly 6 million households, or 4.5 percent, were unbanked in 2021. In New York, an even share of households—5.9 percent—were unbanked.” (Continued...) Read More On: Rochester Beacon Randall Fortenbery, Washington State University “Economist: 'Better' Wheat, Cattle Markets Seen For 2024” By: Capital Press – February 7, 2024 "It's a pretty wide range, because we're still a long way from knowing what this winter wheat crop is going to look like as we approach the summer. If you get $7, you should probably think about taking it because pretty soon, if you start approaching $8, the market's saying there's a 75% chance we can't hold that as we go into the summer months." (Continued...) Read More On: Capital Press Brittney Goodrich, University of California, Davis “Estimate Cover Crop Costs, Potential Benefits” By: Farm Progress – October 12, 2024 “Last year, the USDA's Pandemic Cover Crop Program gave up to a $5/acre discount on crop insurance premiums for growers who planted a cover crop, and there is potential this will get extended going forward,” (Continued...) Read More On: Farm Progress