Good News in Food: Grocery inflation slowing, per USDA; Survey says, most Americans prefer U.S. sugar
We have some good news to share in the world of consumer food! Check out the article below for a couple of exciting headlines from this week.
Despite brief dips in early August, farmland market holds steady as other areas of the market experience economic flux.
The USDA’s latest crop forecast for corn and soybean production will impact U.S. producers as well as make an impact on global trade.
In a recent survey by Purdue University, researchers asked consumers nationwide about potential pork price increases in relation to California’s controversial Prop 12 legislation. The results might be surprising as grocery-store prices continue to break the bank.
As production costs escalate and interest rates climb, agricultural producers find themselves increasingly reliant on credit. However, in a contrast to some sectors of the economy, the agricultural credit outlook still stands as a bastion of strength despite a rise in farm debt.
Final Demand Prices rose 0.7 percent, marking the highest Producer Price Index monthly increase since June 2022.
Consumers think inflation will impact their Thanksgiving dinner table this year.
The help is in addition to millions of dollars spent to help distressed borrowers last August.
A recent USDA report found farm real estate and cropland values have both climbed upward over the past year, averaging $4,080 per acre, which Farmland Partners says shows the farmland market is still strong and is adding value.
Agriculture accounting expert and CPA Paul Neifer joins us for some guidance Thursday on RFD-TV’s Market Day Report.
Georgia’s peach farmers are calling it the “worst season in decades” after a late-March freeze caused them to suffer huge crop losses. It is a real challenge that U.S. Senator John Ossoff (D-GA) understands.