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Below you'll find a list of all posts that have been categorized as “Economy”
Food prices were a little lower in December, but still higher than the year before. That’s coming up on This Land of Ours. The United Nations Food and Agricultural Organization’s Food Price Index dropped during December, but 2022 food prices were 18 percent higher than in 2021. The December index averaged 132.4 points, 2.6 points below November, the ninth-straight monthly …
According to new data released by the U.S. Department of Agriculture (USDA) and compiled by the U.S. Meat Export Federation (USMEF), November exports of U.S. pork were the largest of 2022 in both volume and value, while beef exports were below the large year-ago totals. But, 2022 beef export value already set a full-year record of nearly $11 billion. USMEF President and …
Price erosion is expected in the grain trade this week. Mark Oppold explains why.
Producer sentiment improved sharply in December as the Purdue University-CME Group Ag Economy Barometer Index reading of 126 was 24 points higher than a month earlier. Although U.S. farmers were more positive regarding both the current situation and the future, the biggest improvement was in their assessment of current conditions. The Current Conditions Index reached 135, 37 points higher than …
Peanut farmers always look for a bonus if their peanuts brought more more than their contract. That’s what has happened this past year. Tyron Spearman explains what the bonus is all about, and what they are expected to receive.
Recent news in the energy market doesn’t add up to the jump we are seeing in gasoline prices at the pump. Southeast AgNet’s Mark Oppold has the story.
Eggs are more expensive than they were in 2021. Marketplace says the Bureau of Labor Statistics reports the price of a dozen Grade A eggs jumped from $1.82 in 2021 to almost $3.60 in 2022. While part of the increase is due to the rising price of chicken feed, the real culprit is highly pathogenic avian influenza. It’s infected more …
How did prices increase for different types of food? That’s coming up on This Land of Ours. A new USDA report shows retail food prices increased 8.9 percent in the first seven months of this year. That increase is higher than the rate over the same period last year and 2020. All 13 food categories in the USDA report experienced …
The new fiscal year 2023 Omnibus Appropriations bill, sent to President Biden’s desk, includes money earmarked for Child Nutrition, Tyron Spearman explains how these dollars will be used.
The U.S. Department of Agriculture (USDA) is forecasting an agricultural trade deficit in 2023. While deficits have happened in the past, the agency has never forecast one in advance until this year. The agency says ag exports are projected to reach $190 billion next year, but imports are projected to rise to $199 billion. Seth Meyer, chief economist with USDA, …
