Economic Research Report No. (ERR-306) 33 pp
Quantifying Consumer Welfare Impacts of Higher Meat Prices During the COVID-19 Pandemic
While the U.S. food system has been largely able to maintain operations and provide consumers with the variety of foods they desire since the Coronavirus (COVID-19) pandemic began, U.S. households faced sharply higher food prices for many staple items, especially meat in 2020. In this study, U.S. households’ meat purchases at retail stores for at-home consumption during the COVID-19 pandemic are examined and compared with those before the virus outbreak.
Keywords: COVID-19, coronavirus, pandemic, meat demand, scanner data, compensating variation, food system resiliency, U.S. Department of Agriculture, USDA, Economic Research Service, ERS
In this publication...