Recent News Stories Use ERS
Data and Analysis
Recession Finally Hits Down on the Farm
Wall Street Journal – August 28, 2009
The Agriculture Department forecast Thursday that U.S. farm profits will fall 38% this year, indicating that the slump is taking hold in rural America. Much of the sector had escaped the harsher aspects of the crisis, such as the big drop in property values plaguing city dwellers and suburbanites….
U.S. Farm Profit Plunging on Lower Crop, Dairy Prices
Bloomberg.com – August 27, 2009
Net Farm Income will sink to a seven-year low of $54 billion, down from a February forecast of $71.2 billion and last year’s estimated $87.2 billion, the U.S. Department of Agriculture [ERS] said today in a report.
Food Prices Likely to Start Ticking Up
New York Times, Denver Post, St. Louis Post-Dispatch – August 25, 2009
… The government report, by the Economic Research Service of the Department of Agriculture, said that grocery prices decreased 0.5 percent in July, compared with June….
Fifteen Top rural Areas to Which to Retire
MarketWatch – August 25, 2009
If baby boomers follow migration patterns similar to those of their predecessors, the rural population age 55-75 will increase by 30% between 2010 and 2020, according to a report just published by U.S. Department of Agriculture’s Economic Research Service….
Perspectives on the Future of Ethanol
CattleNetwork.com – August 24, 2009
Within this context, ag economist Paul Westcott visits the future of ethanol in the August Issue of Amber Waves electronic magazine published by USDA [ERS]. He attributes 2007 federal policy to promote biofuels as fostering the demand for more corn, which was easily attained. But he says any future shift of that magnitude will depend on other technologies…..
USDA Study: Younger Consumers Tough to Change
The Packer – August 24, 2009
Younger people spend less money for fresh vegetables consumed at home than their parents and will not easily change their consumption patterns as they age, according to a new U.S. Department of Agriculture Economic Research Service study….
Hunger in Guatemala and the World
Guatemala Times – August 20, 2009
… FAO's estimates of the number of hungry people in 2009 were derived in part from analysis by the US Department of Agriculture (USDA) Economic Research Service (ERS). The ERS/USDA analysis examined the percentage increase in the number of hungry people in different regions due to the global economic crisis of 2009.
Broadband Plays Catch-Up in Rural Areas, Outpaces Growth in Big Cities
Associated Press, msnMoney.com, WebProNews.com - August 19, 2009
According to a 2007 analysis by U.S. Department of Agriculture Economic Research Service, 63 percent of all rural households had at least one member access the Internet, compared with 73 percent of urban households.
U.S. Livestock Numbers on the Decline
Pork Magazine – August 19, 2009
This month’s Livestock, Dairy and Poultry Outlook report from the USDA’s Economic Research Service notes that declining dairy cow inventories, no growth in dairy replacement heifer inventories, and beef heifer inventories that are declining more rapidly than beef cow inventories imply continuing liquidation of the national cow herd.
Ethanol: Production, Demand and Changing Land Use
Drovers Magazine – August 18, 2009
Future growth of ethanol production…will depend on new technology to allow a shift away from corn, and other changes to affect demand, according to an article from the USDA’s Economic Research Service. The article, in the agency’s new issue of Amber Waves….
Feeder Cattle Take the Brunt of Soft Demand
CattleNetwork.com – August 17, 2009
… A new report on meat price spreads from USDA’s Economic Research Service also illustrates this trend, showing farmers’ share of overall beef prices declining from over 48 percent in 2003 to about 43 percent during the second quarter of this year….
USDA Charts Rapid Growth of Fruit and Vegetable Imports
The Packer – August 11, 2009
… U.S. food imports grew from $41 billion in 1998 to about $78 billion 2007, the USDA Economic Research Service report said….
Argentina: Farming Crisis Batters World Food Provider
Christian Science Monitor – August 9, 2009
"Probably, for a government that desperately needs income, it does not have very many options," says Birgit Meade, an economist at the Economic Research Service of the United States Department of Agriculture. But the timing, amid a world slump and then a relentless drought, sent shock waves through the industry….
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