Politico says news outlets around the country are picking up on USDA data that shows how turkey prices have dropped sharply in recent years. Experts say the reason behind the drop in price is the simple economics of supply and demand. Dewey Warner is a research fellow with Euromonitor International who says the prices drop has been building for a …
Pork: A Category Leader
USDA tracks consumer demand for commodity products, like pork, beef and chicken. National Pork Board vice president of domestic marketing Jarrod Sutton says per capita consumption is up for fresh pork. Compared to one year ago, fresh pork prices are up 3.8 percent at the retail level. Sutton says the Pork Checkoff is using insight-driven strategies to grow domestic pork …
Farmers Getting Only 11 Cents of Every Food Dollar
The National Farmers Union and the American Farm Bureau Federation say that consumers are paying less and farmers are receiving less for this year’s Thanksgiving Day dinner. The NFU Farmer’s Share publication says farmers and ranchers get 11.4 cents of every dollar that consumers spend on their turkey day dinner. The Farm Bureau’s annual Thanksgiving Day Price Survey found that …
New TPP Agreement Heightens Concerns
The 11 remaining members of the Trans-Pacific Partnership (TPP) recently announced plans to move forward with a modified trade agreement. And according to a story from Joe Schuele with the U.S. Meat Export Federation, the new agreement heightens concerns about market access for U.S. beef and pork in Japan. Sponsored ContentFlorida Cattle Enhancement Board Offers Unique Opportunity For Applied ResearchOctober …
Thank a Farmer, It’s Thanksgiving and They Helped Make It Possible
As your family sits down to a Thanksgiving meal this week, take a look around at all the wonderful food and consider where it came from. The sweet potatoes, peas, corn, rice and the wheat in the bread. The cranberries in the sauce and the sugar and pumpkin in the pie. The onions and tomatoes in the salad. The almonds …
China Is The New Top Buyer of American Agricultural Goods
New numbers out this week show that China is the new number one buyer of American agricultural goods. Pork Business Dot Com says the fiscal year 2017 numbers show that China bought $22 billion worth of agricultural products, which is a large jump from the $19.2 billion purchased the year before. That jump meant China moved into the number one …
Peterson Likes Senate Tax Bill Better Than House Version
House Ag Committee ranking member Collin Peterson says the Senate tax bill is closer to something he can support than the House Bill. The Minnesota Democrat hopes changes will be made so he can support the conference report. Peterson tells the Hagstrom Report that he supports lowering corporate tax rates but not at the expense of raising taxes on individuals. …
Agriculture Among NAFTA Topics on Final Day
The fifth round of North American Free Trade Agreement (NAFTA) negotiations wrapped up Tuesday. A Politico report describes the talks as relatively quiet. Canadian negotiators haven’t been making many counteroffers to U.S. proposals. Instead, they’re using closed-door meetings to challenge American proposals with data and to ask for explanations of why the U.S. feels the need for certain things to …
Senators Want Commerce Secretary to Analyze NAFTA Withdrawal Cost
A bipartisan group of Senators sent a letter this week to Commerce Secretary Wilbur Ross, asking the administration to collect a “robust economic analysis” to evaluate how changes to the North American Free Trade Agreement (NAFTA) would affect agriculture. The letter says, “It’s imperative that before any changes are made to NAFTA or any other free trade agreement, that economic …
AFBF Rural Entrepreneurship Challenge Highlights Importance of Rural Innovation
The Rural Entrepreneurship Challenge helps boost rural innovation and business, a critical part of the rural economy. Four finalist teams in the competition will compete for a total of $30,000 in prize money at the 2018 AFBF Annual Convention & IDEAg Trade Show in January, in addition to already being awarded $15,000. Anne Hazlett, who leads USDA’s Rural Development efforts, …