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Category Archive

Below you'll find a list of all posts that have been categorized as “Economy”

ecp

ECP Program for Natural Disaster Assistance

Dan September 30, 2022 Agri-Business, Economy, Funding

When natural events like hurricanes come in and cause significant damage to farms, there are a few federal programs that may be able to help. One of which is the Emergency …

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Emergency Conservation Program (ECP)Sabrina HalvorsonUSDA Farm Service Agency (FSA)

Study Highlights Economic Impact of Fresh Produce Industry

Brian German September 28, 2022 Economy, Fruits & Vegetables, Industry

In 2022 the U.S. fresh produce and floral industries are adding $339.4 billion to the national output. The study conducted on behalf of the International Fresh Produce Association (IFPA) illustrates …

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employmentfresh produceInternational Fresh Produce Association (IFPA)
food spending

Consumers Pay More for Healthier Food

Dan September 28, 2022 Economy, This Land of Ours

Consumers are willing to pay higher prices for some types of food. That’s coming up on This Land of Ours. A recent survey of more than 2,000 adults indicates that 84% of …

Read More
Sabrina Halvorson
crop insurance

Value of Insured Specialty Crops Nearly Doubles Over Last Decade

Brian German September 26, 2022 Agri-Business, Crop Insurance, Economy

The value of specialty crops covered by the Federal Crop Insurance Program (FCIP) has grown substantially since 2011. According to the U.S. Department of Agriculture (USDA), the value increased from …

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federal crop insurance programspecialty cropsUSDA’s Economic Research Service
groceries

August Consumer Price Index Increases

Dan September 15, 2022 Economy, This Land of Ours

A slight increase in consumer prices. That’s coming up on This Land of Ours. The Consumer Price Index increased 0.1 percent in August on a seasonally adjusted basis after being …

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Sabrina Halvorson
substantial

World Food Prices Continue Falling as Supply Levels Rise

Dan September 6, 2022 Agri-Business, Economy, Exports/Imports, Trade

Global food prices dropped for a fifth-straight month after a seasonal rise in supplies took place and demand dropped for some products. The northern hemisphere wheat harvest is helping to …

Read More
Sabrina Halvorson
school meals

USDA Program Feeds Children During Summer Months

Dan September 6, 2022 Agri-Business, Economy, Education, Funding, This Land of Ours

States and territories issue $12.5 billion in USDA’s Summer Child Food Benefits program. That’s coming up on This Land of Ours. The Department of Agriculture (USDA) partnered with 32 states …

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Sabrina Halvorson
usda

USDA Says Farm Profits to Reach Near-Record High in 2022

Dan September 5, 2022 Agri-Business, Economy

USDA’s Economic Research Service forecasts inflation-adjusted U.S. net cash farm income to increase by $13.5 billion or 8.7 percent from 2021. Net cash farm income is gross cash income minus …

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Sabrina Halvorson
usda

USDA Updates Crop Insurance Plans to Broaden Access

Dan September 2, 2022 Crop Insurance, Economy

The Department of Agriculture (USDA) is improving two of its most comprehensive risk management safety net programs. USDA announced the improvements for the Whole-Farm Revenue Protection, and Micro Farm, making …

Read More
Micro FarmSabrina HalvorsonWhole-Farm Revenue Protection
interest expense ratio

Interest Expense Ratio for Agriculture Stays Even with 20-year Average

Dan August 31, 2022 Agri-Business, Economy

USDA’s Economic Research Service reports the interest expense ratio of farms was 0.04 in 2020, remaining in line with the long-term trend and initial forecasts, despite the pandemic. The COVID-19 …

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inflation

Inflation Hitting Farm Families

Dan August 15, 2022 Economy

Inflation is ‘front and center’ for agriculture and other sectors as Washington lawmakers fight over ways to control it ahead of the November midterm elections. Iowa Senator Joni Ernst says …

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Inflation Reduction ActSabrina Halvorson
food prices

Food Prices Post Biggest Drop Since 2008

Dan August 9, 2022 Economy, This Land of Ours

Food prices continue to drop. That’s coming up on This Land of Ours. Global food prices fell by the biggest amount since 2008 due to easing concerns over the supplies …

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Sabrina Halvorson
farm share

Discussion on Higher Input Costs

Dan August 4, 2022 Economy, This Land of Ours

Taking a wider look at higher ag input costs. That’s coming up on This Land of Ours. American Agri-Women hosted the Global Food and Energy Supply Conversation recently to respond …

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American Agri-WomenSabrina Halvorson
food spending

USDA Says Rising Food Prices Could Ease in 2023

Dan July 28, 2022 Economy, This Land of Ours

Could we see lower food prices next year? That’s coming up on This Land of Ours. The all-items Consumer Price Index increased 1.4 percent from May to June and is …

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Sabrina Halvorson
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