This update covers Monday, August 15, 2011 to Friday, August 19, 2011
IMPACTS OF HIGHER ENERGY PRICES ON AGRICULTURE AND RURAL ECONOMIES
Agricultural production is sensitive to changes in energy prices, either through energy consumed directly or through energy-related inputs such as fertilizer. A number of factors can affect energy prices faced by U.S. farmers and ranchers, including developments in the oil and natural gas markets, and energy taxes or subsidies. Climate change policies could also affect energy prices as a result of taxes on emissions, regulated emission limits, or the institution of a market for emission reduction credits. Here we review the importance of energy in the agricultural sector and report the results of a case study on the economic implications for the farm sector of energy price increases that would arise from plausible, constructed greenhouse-gas-emission reduction scenarios. Higher energy-related production costs would generally lower agricultural output, raise prices of agricultural products, and reduce farm income, regardless of the reason for the energy price increase. Nonetheless, farm sector impacts were modest for the scenarios and time periods examined. We demonstrate the unique distribution of effects resulting from price (or cost) increases for different types of energy due to pricing their carbon content, as well as the relative use of energy in production of different agricultural commodities.
Released Thursday, August 18, 2011
See http://wwwers.usda.gov/
LIVESTOCK AND MEAT TRADE DATA
The Livestock and Meat Trade Data Set contains monthly and annual data for imports and exports of live cattle, hogs, sheep, and goats, as well as beef and veal, pork, lamb and mutton, chicken meat, turkey meat, and eggs. The tables report physical quantities, not dollar values or unit prices. Data on beef and veal, pork, and lamb and mutton are on a carcass-weight-equivalent basis. Breakdowns by country are included.
Released Thursday, August 18, 2011
See http://www.ers.usda.gov/Data/
THE INFANT FORMULA: MARKET CONSEQUENCES OF A CHANGE IN THE WIC CONTRACT BRAND
The Special Supplemental Nutrition Program for Women, Infants, and Children (WIC) is the major purchaser of infant formula in the United States. To reduce cost to the WIC program, each State awards a sole-source contract to a formula manufacturer to provide its product to WIC participants in the State. As part of the contract, the WIC State agency receives rebates from the manufacturers. In this study, we use 2004-09 Nielsen scanner-based retail sales data from over 7,000 stores in 30 States to examine the effect of winning a WIC sole-source contract on infant formula manufacturers’ market share in supermarkets. We find that the manufacturer holding the WIC contract brand accounted for the vast majority—84 percent—of all formula sold by the top three manufacturers. The impact of a switch in the manufacturer that holds the WIC contract was considerable. The market share of the manufacturer of the new WIC contract brand increased by an average 74 percentage points after winning the contract. Most of this increase was a direct effect of WIC recipients switching to the new WIC contract brand. However, manufacturers also realized a spillover effect from winning the WIC contract whereby sales of formula purchased outside of the program also increased.
Released Thursday, August 18, 2011
See http://wwwers.usda.gov/
THE ETHANOL DECADE: AN EXPANSION OF U.S. CORN PRODUCTION, 2000-09
The recent 9-billion-gallon increase in corn-based ethanol production, which resulted from a combination of rising gasoline prices and a suite of Federal bioenergy policies, provides evidence of how farmers altered their land-use decisions in response to increased demand for corn. As some forecasts had suggested, corn acreage increased mostly on farms that previously specialized in soybeans. Other farms, however, offset this shift by expanding soybean production. Farm-level data reveal that the simultaneous net expansion of corn and soybean acreage resulted from a reduction in cotton acreage, a shift from uncultivated hay to cropland, and the expansion of double cropping (consecutively producing two crops of either like or unlike commodities on the same land within the same year).
Released Thursday, August 18, 2011
See http://www.ers.usda.gov/
MEAT PRICE SPREADS
This data set provides monthly average price values, and the differences among those values, at the farm, wholesale, and retail stages of the production and marketing chain for selected cuts of beef, pork, and broilers. In addition, retail prices are provided for beef and pork cuts, turkey, whole chickens, eggs, and dairy products.
Released Thursday, August 18, 2011
See http://www.ers.usda.gov/Data/
LATEST U.S. AGRICULTURAL TRADE DATA
This data product announces USDA's monthly release of calendar year, fiscal year, year-to-date, and monthly value of U.S. agricultural exports, imports, and trade balance.
Released Wednesday, August 17, 2011
See http://www.ers.usda.gov/Data/
LIVESTOCK, DAIRY, AND POULTRY OUTLOOK
Timely livestock, dairy, and poultry information, focusing on current and forecast production, price, and trade statistics for each of the sectors.
Released by 9 a.m. ET. Subscribe to receive notification of report release.
Released Wednesday, August 17, 2011
See http://www.ers.usda.gov/
SUGAR AND SWEETENERS OUTLOOK
Examines world and U.S. production, consumption, trade, stocks, and prices for beet and cane sugar, and high fructose corn syrup.
Released by 4 p.m. ET. Subscribe to receive notification of report release.
Released Tuesday, August 16, 2011
See http://www.ers.usda.gov/
WHEAT OUTLOOK
Examines supply, use, prices, and trade for wheat, including supply and demand prospects in major importing and exporting countries. Contains data and information on U.S. wheat by class.
Released by 9 a.m. ET. Subscribe to receive notification of report release.
Released Monday, August 15, 2011
See http://usda.mannlib.cornell.
FEED OUTLOOK
Examines supply, use, prices, and trade for feed grains, including supply and demand prospects in major importing and exporting countries. Focuses on corn; also contains information on sorghum, barley, oats, and hay.
Released by 9 a.m. ET. Subscribe to receive notification of report release.
Released Monday, August 15, 2011
See http://usda.mannlib.cornell.
New information from the USDA Economic Research Service
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