Articles Tagged with ''Economic Research Service''

USDA economists are increasing their estimate of food price inflation this year and for 2023, saying that prices will rise more slowly next year but still above the historical average.

The Agriculture Department is significantly increasing its farm earnings forecast for 2022, estimating that net cash farm income will reach its highest level in a decade due to the booming prices for crops and animal products.

USDA has sharply raised its forecast for food inflation this year.

A proposed 8,000-head-per-day beef processing facility in South Dakota is joining a packed roster of planned and existing plants that could be forced to compete for shrinking cattle inventories in the years ahead.

Just one year after the COVID-19 pandemic locked down millions of individuals and forced many restaurants and bars to close, consumers started going out again and consuming more wine. U.S. wine consumption per resident increased from 2.93 gallons per resident in 2019, to 3.07 gallons in 2020 and increasing again in 2021 to 3.18 gallons, according to the Wine Institute.

For months, Republicans and Democrats in Congress have pointed fingers at each other over the rising cost of goods including food as the midterm elections quickly approach, but there are big doubts about how effective any of their proposals will be. 

The nation’s organic dairies are growing in their ability to produce milk relative to the inputs in the production process, but not nearly at the same rate as other dairies in the country, according to new research from the Department of Agriculture.

Bolstered by strong commodity prices, U.S. farm earnings should stay well above historic levels this year even as producers grapple with high production costs and the government’s pandemic relief phases out, the Agriculture Department reports.

The Supreme Court could issue a new decision outlining the scope of Clean Water Act jurisdiction by this summer, even as the EPA and Army Corps of Engineers work on a new definition of “waters of the U.S.”