The U.S. Department of Agriculture’s Economic Research Service last week released a report titled “The Market for Chicken Raised Without Antibiotics, 2012–17.” The report studies consumer attitudes for chicken raised without antibiotics and their purchases of the products. The analysis grouped chicken products into three distinct market segments: classic, processed, and sausage. Between 2012 and 2017, household expenditure shares for …
Scientists and Economists Unite Against USDA Move
More than 1,100 scientists and economists penned a letter opposing the Trump administration proposal to realign and relocate programs within the Department of Agriculture. The group is opposed to the USDA plan to move the Economic Research Service under the Office of the Chief Economist and to relocate most of the positions in ERS and the National Institute of Food …
Beef and Pork Export Values Expected to Soften in 2019
The tit-for-tat trade war with China means a lower forecast for the value of U.S. beef and pork exports next year. The Department of Agriculture’s Economic Research Service said in its latest quarterly Situation and Outlook Report released this week that forecasts total exports of beef, pork, dairy, poultry and other livestock products combined are expected to decline $300 million …
Farmers’ Share of the Food Dollar at a Record Low
The Economic Research Service’s Food Dollar Series shows that the farmers’ share of the food dollar fell to 14.8 cents in 2016. That’s a 4.5 percent drop from the previous year and the lowest level since the series first launched in 1993. The farmers’ share of every $1 spent on domestically produced food represents the percentage of farm commodity sales …
Highlights From the February 2018 Farm Income Forecast
Farm Sector Profits Expected To Decline in 2018 Net farm income, a broad measure of profits, is forecast to decrease $4.3 billion (6.7 percent) from 2017 to $59.5 billion in 2018, the lowest net farm income level in nominal dollar terms since 2006. Net cash farm income is forecast to decrease $5.0 billion (5.1 percent) to $91.9 billion, the lowest …
Report Shows 2014-15 HPAI Impact
A new report by the Department of Agriculture’s Economic Research Service found the spread of highly pathogenic avian influenza (HPAI) in the United States was not as big an effect as the closing of key export markets. The report studied the poultry industry during the 2014-15 HPAI outbreak, and concludes that trade restrictions during and after the outbreak affected all …