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The Economics Behind The Headlines: December 2006

ERS Data and Analysis Can Shed More Light on Current Events

In the News

Damage from Soybean Rust Negligible in 2006 (Dow Jones, December 29, 2006)

From ERS

The Value of Plant Disease Early-Warning Systems: A Case Study of USDA's Soybean Rust Coordinated Framework. Early-warning systems for plant diseases are valuable when the systems provide timely forecasts that farmers can use to inform pest management decisions. ERS examined, as a case study, USDA's coordinated framework for soybean rust surveillance, reporting, prediction, and management.

In the News

U.S. Requests Negotiations with South Korea on Beef Trade (Dow Jones, December 19, 2007)

From ERS

Livestock, Dairy, Poultry Outlook. The beef export forecast for the fourth quarter of 2006 was reduced slightly, due to some softness observed in exports to Mexico, and to the failure of South Korean to effectively open its market to U.S. beef. The South Korean government recently rejected small shipments of beef from three different U.S. packers.

In the News

U.S. To Allow Imports of Cooked Chicken from China (Dow Jones, December 14, 2007)

From ERS

Food Safety Improvements Underway in China. Facing growing demand abroad and at home for safer food, China is overhauling its food system to meet international food safety standards. The increased costs of achieving higher food standards will dampen the growth of Chinese agricultural exports if not offset by greater export demand.

In the News

E. Coli Outbreaks Prompt Growers To Enhance Safety (Chicago Tribune, December 12, 2006)

From ERS

Economics of Foodborne Disease: E. coli. ERS estimates that, each year in the United States, foodborne E. coli O157:H7 disease costs $659.1 million to society and foodborne E. coli non-O157 STEC disease costs $329.7 million for a combined total of $988.8 million.

In the News

Federal Agency Estimates Doubling in Ethanol Demand by 2012 (Reuters, December 5, 2006)

From ERS

International Trade, Biofuel Initiatives Reshaping the Soybean Sector. Increased domestic and global demand over the past decade continues to pull U.S. soybean production steadily upward. Expanding use of corn and soybeans for domestic biofuel production and global market trends are likely to influence the future direction of the soybean sector.

 

See previous economics behind the headlines

 

For more information, contact: Mary Reardon

Web administration: webadmin@ers.usda.gov

Updated date: February 2, 2007