From 2010-2020, the USDA’s Economic Research Service says 24 states lost population in nonmetropolitan or rural areas. Sixteen of those states lost population overall or showed slow population growth of less than five percent. Data from the 2020 U.S. Census shows the U.S. population grew by 7.4 percent from 2010-2020, slower than the 9.7 percent growth from the previous decade. …
Crops Sector Received 65% of PPP Loans for Agriculture in 2020
Information updated by USDA’s Economic Research Service Wednesday shows 65 percent of Paycheck Protection Program 2020 agriculture funds went crop farms, with the rest for livestock. Last year, farmers and ranchers could use forgivable loans from the program to help keep employees on payroll and offset some of their operating costs. The maximum PPP loan amount was 2.5 times the …
Price Spread for Pork Products Increases as Processing Plant Labor Shortages Continue
The COVID-19 pandemic continues to worsen longstanding labor shortages in the U.S. pork processing industry. Because the production of deboned products requires more labor, associated prices are higher than bone-in product prices, which have smaller labor requirements, according to USDA’s Economic Research Service. When labor shortages are severe, as in the spring of 2020, when COVID-19-related infections of processing plant …
ERS Study Shows Meatpackers Role in COVID Spread
A study from USDA’s Economic Research Service (ERS) shows the role meatpacking plants played in the spread of COVID-19. In what ERS describes as a working paper, the study outlined 49 U.S. non-metro counties in which 20 percent or more of employment is in meatpacking, defined as meatpacking-dependent counties. This represents 41 percent of all nonmetro counties with employment in …