Monday, October 14, 2024

Members in the News: October 14, 2024

 

Craig Landry, University of Georgia

Thousands of Uninsured Homes Were in Helene’s Path

By: Yahoo! News – October 3, 2024

“It’s something people don’t want to think about. People have an optimistic perception of disaster assistance. And in reality, it’s not that generous.”

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Read more on: Yahoo! News


Joseph Janzen, University of Illinois, Urbana-Champaign

Farmers Are Making Less Money This Year, Which Could Have Larger Economic Consequences

By: NPR – October 7, 2024

“The farm economy is in a downturn relative to what we have experienced in 2022 and 2023, which was kind of a boom in agriculture. While the last couple of years had been record breakers for farm income, this year will be a return to more normal levels, economists said. That reality may mean farmers in the Midwest think twice about making big purchases this year, and that’s already trickling down to other sectors.”

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Read more on: NPR or Iowa Public Radio


Steven Deller, University of Wisconsin-Madison

  • As Election Day Nears, the Economy Remains Top of Mind for Wisconsin Voters
    By: WPR – October 8, 2024
  • Wisconsin Family Farms Increasingly Relying on Off-Farm Employment to Supplement Income
    By: WPR – October 8, 2024

Joseph Balagtas, Purdue University

Skimpflation is Hard to Spot, But the Berry Chantilly Cake from Whole Foods Can Help Explain

By: CNN  - October 7, 2024

“In the wake of a really severe inflationary period, people are extra sensitive about value for money. Sometimes, a food company will substitute expensive ingredients with cheaper oils or artificial sweeteners. Often customers won’t notice this unless they compare the ingredient lists, but sometimes customers do notice.”

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Read more on: CNN


David Ortega, Michigan State University

Bacon Hogs The Spotlight in Election Debates, But Reasons For Its Sizzling Inflation Are Complex

By: Associate Press – October 10, 2024

“Workers stand close together on production lines in the U.S. meat processing industry. Big bacon producers like Smithfield Foods and Tyson Foods temporarily closed plants in the spring of 2020 after thousands of workers got sick and some died. While plants were closed, millions of pigs got too big to be processed and were culled instead, leading to shortages just as home-bound Americans were shopping for more breakfast bacon.”

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Read more on: Associate Press


Amitrajeet Batabyal, Rochester Institute of Technology

Is Responding to Work Emails After Hours a Good or Bad Idea?

By: Rochester Business Journal – October 4, 2024

“The difference in work-life balance between the U.S. and European countries is substantial. The European Union, for instance, has a mandated four-week paid vacation period across all 27 of its countries. Some countries also require additional paid days off on top of this required period. Meanwhile, in the U.S., nearly one-third of all employees say they don’t have any access to paid time off (PTO), according to a recent report. And those who do have PTO don’t always use it. The same report found that 765 million vacation days go unused by Americans each year.”

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Read more on: Rochester Business Journal


Diego Cardoso, University of Illinois, Urbana-Champaign

How Much Do Avoidable Deaths Impact the Economy?

By: News Wise – October 4, 2024

“The first paper "applies novel methods to estimate the economic value of reducing avoidable deaths worldwide, finding that in 2019, 40 million deaths were avoidable—i.e., could have been prevented or delayed if individuals in all countries had access to the best available healthcare. The economic value of reducing these avoidable deaths is equivalent to 23% of annual global income, suggesting that significant health improvements could lead to substantial economic benefits and encouraging policymakers to invest more in health promotion and healthcare.”

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Read more on: News Wise


Bradley Rickard, Cornell University

California Just Became the First State to Ban Sell-By Dates

By: Food & Wine – October 4, 2024

“some people will see the sell-by date and will assume this means something about food safety, and will then throw the item out even though there [are] unlikely any food safety concerns for many foods for a reasonable amount of time after the sell-by date.”

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Read more on: Food & Wine


Aaron Smith, University of California, Davis

Trump and Harris Promise to Lower Food Costs But Trump May Have the Edge in Winning Over Voters

By: ISN Magazine – October 6, 2024

“While the rate of price growth has slowed, prices themselves are unlikely to fall. The rate of price growth has reverted back to normal, but prices will not go back down, casting doubt on the effectiveness of either candidate’s promises to bring substantial relief to the checkout aisle.”

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Read more on: ISN Magazine


Michael Langemeier, Purdue University

Managing Strategic Risks on the Farm: Insight From Purdue ag Economists

By: Agrinews – October 6, 2024

“Anytime I’m looking at a long-range plan, I think in terms of scenarios. What’s my best prediction of the way things might happen? And think about what I would do under that scenario. “How aggressive would I be in terms of buying land? How aggressive would I be in terms of renting ground? How much machinery capacity do I need under my best estimate of prices, and so on.”

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Read more on: Agrinews


Stephan Goetz, Penn State University

USDA Funds $650,000 Study to Analyze U.S. Business Decarbonization

By: Decarbon Fuse – October 6, 2024

"the industrial transition from fossil fuels to renewable energy is occurring one firm at a time. Our goal is to develop a research-based understanding of the adoption decisions businesses are making and the barriers they face. This will inform the ongoing transition to a low-carbon economy."

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Read more on: Decarbon Fuse


Andrew Stevens, University of Wisconsin–Madison

USDA Farm Projection Report Shows Farmers Down 4.4% for This Year's Harvest

By: abc 27 – October 7, 2024

"Agriculture is fundamentally a risky business where you've got some good years and some bad years. So the fact that we're seeing projections for this year come down a little bit when recent years have been fairly good, doesn't strike me as a huge trend."

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Read more on: abc 27


Roderick Rejesus, North Carolina State University

Crop Insurance Guidance for Farmers

By: Morning Ag Clips – October 9, 2024

“Following a hurricane, the most important crop insurance action is for affected farmers to contact their agent, report their losses and arrange for adjusters to assess their losses. This will help ensure that they get compensated sooner rather than later.”

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Read more on: Morning Ag Clips

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