Recent News Stories Use ERS
Data and Analysis
Food Price Still High, but Will Fall Slowly
San Francisco Chronicle – November 26, 2008
"Food is not like gas - the retail prices don't rise or fall as quickly in response to changes at the commodity level," said Ephraim Leibtag, who tracks grocery prices for the U.S. Department of Agriculture's Economic Research Service.
…Commodity expert Ronald Trostle, with the Agriculture Department's Economic Research Service, recently studied price trends, and his findings suggest that consumers are paying more today in part because food prices had remained so low in the past….
Holiday Hosts Hunt for Bargains
Palm Beach Post – November 24, 2008
"At Thanksgiving, turkey prices are whatever the store decides they can sell them at to make a profit," said David Harvey, a poultry economist at the U.S. Department of Agriculture's Economic Research Service - or they sell them at a loss, to get customers into the store and to buy other, more profitable items. The bird itself, though, is a deal right now….
There’s a Lot of Cushion Between Debt and Equity in Ag
Marshalltown (IA) Times-Republican – November 23, 2008
"The USDA's ERS (Economic Research Service) forecasts the agricultural industry's debt to asset ratio at 8.9 this year, compared to 15.2 in 1998. That measures the debt pledged against farm-business assets - an indicator of overall financial risk."
Why Food Prices Are Still High
Lancaster Newspapers, PA – November 12, 2008
…consumers will end up having to pay about 6 percent more for their groceries this year, according to the U.S. Department of Agriculture's Economic Research Service….
Corn Price, Economy Will Affect Cattle Market
Jackson Hole and Casper (WY) Star-Tribune – November 10, 2008
U.S. beef imports are 23 percent lower than in 2007 year-to-date through August, according to the USDA Economic Research Service….
Hit by ‘Perfect Storm’
Food prices increasing at fastest pace since 1990
Times-West Virginian – November 9, 2008
…food shortages in the United States rarely happen, said Ephraim Leibtag, an economist with the Economic Research Service with the United States Department of Agriculture. Instead of shortages, typically price inflation occurs….
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ERS in the news items
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