food prices

What Are The Economics into 2012?

The Economy, Silly!
Audio via DairyCast.com


Bob Young, American Farm Bureau's chief economist, is seeing food costs going up through their consumer surveys.
Our surveys' would suggest those food prices are up, and up significantly.
However, there are enough of uncertainties in the market places that suggest that food prices will only be a factor but not the driver.

Other activity in agriculture suggests that the sector as a whole is doing well. There still are issues with corn and bean prices remaining high, with impacts to cattle prices. But over all 2012 looks pretty good.

DairyCast 0439 - It's The Economy, Silly! What Keeps American Farm Bureau Federation Economist Up At Night?

DairyCast 0439 Show Notes:
  • Food prices are higher and the consumer (Black Friday sales notwithstanding) are hunkering down.  What does it mean for U.S. agriculture and agricultural policy?  Let's ask American Farm Bureau Federation chief economist Bob Young.

DairyCast 0160 for May 20 2008

Download mp3DairyCast 0160 Show Notes:

  • Special "Food AND Fuel" USDA conference with Secretary of Agriculture Ed Schafer lays out the economics on why they aren't mutually exclusive.  Link to video and transcript.
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