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Shining Light on Farm & Food Policy for 20 Years.
Saturday, December 21, 2024
Supermarket prices rose just 0.1% in November as lower costs for beef, pork and poultry offset higher prices for fruits, vegetables, cereals and bakery products, the Bureau of Labor Statistics reported Tuesday.
USDA is expanding and enhancing crop insurance product for fruits, vegetables and other specialty crops and considering some additional steps that could help address the sector’s priorities. But some additional funding and statutory authority may be needed in the next farm bill to make changes sought by growers, according to the Risk Management Agency.
Supermarket prices rose 0.1% in September as the increased cost of beef, pork and milk masked price declines in many other products. It was the smallest increase in the cost of eating at home since June.
The Food Safety Modernization Act imposed new regulations on imported fruits and vegetables but appears to have had little impact on Mexican exports to the United States, according to an analysis by USDA’s Economic Research Service.
Supermarket prices ticked up 0.3% last month, driven by a jump in the cost of beef as well as increases for some fruits, vegetables and dairy products, according to the monthly Consumer Price Index.
The House Agriculture Committee is set to hold its first hearing this year on farm bill nutrition programs, while a Senate Agriculture subcommittee this week will analyze the horticulture title.
The House Appropriations Committee this week will takes up an unusually partisan funding bill for the USDA and FDA that highlights some major cuts to spending Republicans would like to make, even as President Joe Biden even as debt ceiling negotiations lurch toward a June deadline.
Shoppers saw more relief at the grocery store in April as prices fell another 0.2%, driven by declines in dairy products, pork, eggs, and some fruits and vegetables.
