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The Economics Behind the Headlines:
April 2005

ERS data and analysis can shed more light on current events.

In the news

Cotton, rice farmers blast move to trim subsidies (San Francisco Chronicle, April 30, 2005)
From ERS Farm Income and Costs: Which Farms Receive Government Payments? Thirty-nine percent of U.S. farms received government payments (averaging $13,025) in 2003. Farms specializing in rice or cotton represented less than 1 percent of farms receiving payments but received the highest average payment level of any farm type.

In the news

Apple growers welcome McDonald’s plans for healthier fare (Associated Press, April 30, 2005)
From ERS The Demand for Food Away from Home: Full-Service or Fast Food? Recent trends indicate greater growth for full-service restaurants than for fast-food establishments. Some fast food outlets are now offering more of the variety and heightened amenities typically associated with full-service restaurants.

In the news

Farmers tally benefits of biotech plantings (Omaha World-Herald, April 21, 2005)
From ERS Size and Distribution of Market Benefits From Adopting Biotech Crops. ERS estimated the size and distribution of benefits from adopting Bacillus thuringiensis (Bt) cotton, herbicide-tolerant cotton, and herbicide-tolerant soybeans. Stakeholders considered are U.S. and foreign farmers and consumers, and U.S. biotechnology developers and germplasm suppliers.

In the news

Consumer attitudes toward BT corn are varied (Dow Jones, April 20, 2005)
From ERS Information Sways Consumer Attitudes Towards Biotech Foods. ERS and university researchers held experimental auctions to gauge US consumers’ willingness to pay for food items with and without biotech labels. The type and source of information provided ahead of time influenced their attitudes.

In the news

New USDA food pyramid unveiled (Dailies, Wires, April 19-20, 2005)
From ERS Understanding Economic and Behavioral Influences on Fruit and Vegetable Choices. Marketers and nutritionists alike have puzzled over the reasons for American’s fruit and vegetable shortfalls. ERS researchers have examined how economic, social, and behavioral factors influence consumers’ fruit and vegetable choices.

In the news

Water problems in West intensify (Associated Press, April 19, 2005)
From ERS Western Irrigated Agriculture: Data Product. Irrigation is particularly important for agriculture in the Western United States. The 147 electronic tables in this data product are grouped into categories that include farm size and sales, water sources, irrigation technologies and costs, and farm participation in public cost-share projects.

In the news

New labeling requirements for seafood take effect (Washington Post, April 13, 2005)
From ERS Mandatory Country-of-Origin Labeling–Will It Benefit Consumers? Proponents of mandatory country-of-origin labeling claim it will benefit consumers who are concerned about food safety, who wish to support U.S. producers, or who believe U.S. foods are of higher quality than imports. Others argue that mandatory labeling will raise costs and bring few benefits.

In the news

USDA to hold hearing on milk order amendments (Reuters, April 11, 2005)
From ERS Economic Effects of U.S. Dairy Policy and Alternative Approaches to Milk Pricing (pdf). Dairy programs are limited in their ability to change the long term economic viability of dairy farms. Technology, changing consumer demand, and changes in the marketing and processing sectors—while difficult to measure—are likely to have more impact.

In the news

Some contract growers feel pressured by chicken industry (Fort Worth Star-Telegram, April 7, 2005)
From ERS Vertical Coordination of Marketing Systems: Lessons From the Poultry, Egg, and Pork Industries. The emergence of new specialized large-scale production technologies that place a premium on quality control and efficient use of information provides motivation for control of production through contracting and/or vertical integration.

In the news

Food prices rose slightly in first-quarter 2005 (Kansas City Star, April 6, 2005)
From ERS ERS's monthly updates to forecasts of the Consumer Price Index (CPI) for food provide government and food industry analysts with the most current information regarding retail food price movements. In 2005, the CPI for all food is forecast to increase 2.5 to 3.5 percent.

In the news

Farmers confront rising fuel costs (USA Today, April 4, 2005)
From ERS 2005 Farm Income Forecast. In 2005, net farm income is forecast to be $64.4 billion, which is the second largest amount on record. While production expenses derived from petroleum products are forecast to be higher in 2005, other expense items such as feed and feeder livestock will cost less.

In the news

Animals’ “bugs” worse than their bite (Washington Post, April 3, 2005)
From ERS U.S. 2003 and 2004 Livestock and Poultry Trade Influenced by Animal Disease and Trade Restrictions. Disease outbreaks and related trade restrictions have slowed previously expected high growth in many U.S. animal product exports, with U.S. beef exports most affected. Most notable diseases in recent years are bovine spongiform encephalopathy (BSE) and avian influenza (AI), and Exotic Newcastle Disease.

 

See previous economics behind the headlines>>

 

For more information, contact: Mary Reardon

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Updated date: March 7, 2006