food prices

New Baseline Food and Agricultural Outlook Report

Dan Commodities, Economy

Farm commodity prices have tumbled from the peak levels they rose to during spring 2022, and new projections suggest that downward pressure on prices could continue throughout 2024 and beyond. The Food and Agricultural Policy Research Institute (FAPRI) at the University of Missouri recently released its annual agricultural market baseline outlook (.pdf) The outlook provides projections for agricultural and biofuel …

specialty crop

Risk Management Tool for Specialty Crop Producers

Dan Crop Insurance, Economy, Specialty Crops, USDA-RMA

The RMA is making it easier for specialty crop growers to find crop insurance agents. The Risk Management Agency says finding the right risk management tools for specialty crops and smaller-scale farmers can be daunting. RMA Administrator Marcia Bunger says the agency has developed a new searchable directory to make it easier for those producers to find the right agents. …

dollar

Farms Received Nearly a Quarter of Each Food-at-home Dollar in 2022

Dan Economy, USDA-ERS

In 2022, farm establishments received 24.1 cents for each dollar spent on food at home and 3.6 cents for each dollar spent on food away from home. These amounts, called farm shares, highlight the different paths that food takes from farms to consumers’ points of purchase, according to USDA’s Economic Research Service. Food-at-home dollars include food purchases from outlets such …

crop

Crop Insurance Deadline Nears

Dan Crop Insurance, Economy

Farmers not yet enrolled in the Agriculture Risk Coverage (ARC) or Price Loss Coverage (PLC) programs for the 2024 crop year have until March 15, 2024?to revise elections and sign contracts. Both safety net programs, delivered by USDA’s Farm Service Agency, support farmers who?experience substantial declines?in crop prices or revenues for the 2024 crop year.? Producers can elect coverage and …