households

Food Insecurity in Households with Children Reached Two-decade Low

Dan This Land of Ours, USDA-ERS

U.S. food insecurity in households with children is down once again. That’s coming up on This Land of Ours. USDA’s Economic Research Service (ERS) reported that food insecurity in U.S. households with children reached a two-decade low in 2021. The Economic Research Service monitors the prevalence of food insecurity in U.S. households with children by measuring food insecurity for the …

farm income

USDA Says Farm Profits to Reach Near-Record High in 2022

Dan Agri-Business, Economy, USDA-ERS

USDA’s Economic Research Service forecasts inflation-adjusted U.S. net cash farm income to increase by $13.5 billion or 8.7 percent from 2021. Net cash farm income is gross cash income minus cash expenses and will reach $168.5 billion in 2022, the highest level since 2012. In comparison, net farm income is forecast to drop by almost $1 billion from 2021 to …

trade projections

USDA Releases Updated Trade Projections for 2022-23

Dan Exports/Imports, Trade, USDA-ERS

The Department of Agriculture released updated trade projections for the remainder of fiscal year 2022 and the first projections for fiscal year 2023. The outlook follows the federal fiscal year, which begins on October 1 and ends on September 30. Agriculture exports for 2023 are projected at $193.5 billion, with imports at $197 billion. The export forecast is $2.5 billion …

interest expense ratio

Interest Expense Ratio for Agriculture Stays Even with 20-year Average

Dan Agri-Business, Economy, USDA-ERS

USDA’s Economic Research Service reports the interest expense ratio of farms was 0.04 in 2020, remaining in line with the long-term trend and initial forecasts, despite the pandemic. The COVID-19 pandemic reduced demand for agricultural commodities. The interest expense ratio is calculated by dividing interest expenses by the sum of the value of production and Government payments for a given …

pandemic

Adult Obesity Increased During First Year of COVID-19 Pandemic

Dan This Land of Ours, USDA-ERS

If your waistline increased during the pandemic, you’re not alone. That’s coming up on This Land of Ours. New data from USDA’s Economic Research Service shows that U.S. adults ages 20 and older reported a three percent higher prevalence of obesity during the first year of the COVID-19 pandemic. The study analyzed data from the Centers for Disease Control and …

beef producers

USDA: Beef Producers Face Higher Inputs

Dan Beef, USDA-ERS

U.S. beef producers face higher input costs this year, predicted up seven percent compared to 2021. USDA’s Economic Research Service (ERS) reported Monday the farmer’s share of the retail value of beef also increased year over year, but rising input costs, especially for cattle feed, may limit farmers’ ability to benefit from higher cattle prices. Feed expenses are the largest …

cheeseburger

USDA-Cost of a Home-Grilled Cheeseburger up from 2021

Dan Beef, Economy, This Land of Ours, USDA-ERS

Grilling season is underway, and the cost of the homemade cheeseburger is going up. That’s today’s This Land of Ours. Home-grilled cheeseburgers, a summer cookout staple, will cost consumers more this summer. USDA’s Economic Research Service says the ingredients for a home-prepared 1/4-pound cheeseburger totaled $2.07 per burger, with ground beef making up the largest cost at $1.20. This represents …

number

Number of U.S. Farms Continues Slow Decline

Dan USDA-ERS

New data released Tuesday from USDA’s Economic Research Service shows the number of U.S. farms continues to decline slowly. After peaking at 6.8 million farms in 1935, the number of U.S. farms and ranches fell sharply through the early 1970s. Rapidly falling farm numbers in the mid-20th century reflected the growing productivity of agriculture and increased nonfarm employment opportunities. Since …

pandemic

Details on Lower Restaurant Spending During Pandemic

Dan This Land of Ours, USDA-ERS

Numbers are in for the costs the pandemic had on restaurants. That’s today’s This Land of Ours. Detailed numbers are coming in for consumers’ food-buying habits during the pandemic. USDA Economic Research Service’s Food Expenditure Series shows significantly lower spending at restaurants during 2020, which was expected because of the many closures because of the pandemic. The question has been: …

food insecurity rates

Food Insecurity Rates Vary Across States

Dan Economy, USDA-ERS

USDA Economic Research Service data released Monday shows food insecurity rates vary across U.S. states. The estimated prevalence of food insecurity during 2018-2020 ranged from 5.7 percent in New Hampshire to 15.3 percent in Mississippi. The estimated national average was 10.7 percent. The prevalence of food insecurity was significantly higher than the national average in nine states, including Alabama, Kentucky, …