Ongoing inflation continued to impact organic fresh produce sales in the first quarter of 2023 as overall dollar sales grew by slightly less than 1%, and volume declined by 3.4% from the same per year-over-year period, according to the Q1 2023 Organic Produce Performance Report released by Organic Produce Network (OPN) and Category Partners. Overall, the total produce department gained …
Markets Attempt to Edge Back to Normalcy
It has been a wild ride for the U.S. and global economies since COVID-19 struck. Inflation and war in Europe have not helped matters. We asked Roger Cryan, chief economist for the American Farm Bureau, to weigh in on how recent events could affect agriculture. There has been some easing on pricing for inputs and fuel. Do you expect that …
U.S. and Florida Farmland Values on the Rise
By Frank Giles The U.S. Department of Agriculture (USDA) National Agricultural Statistics Service has released its 2022 Land Values Summary. The annual report shows agricultural property increased year-over-year following other trends in inflation. The United States farm real estate value, a measurement of the value of all land and buildings on farms, averaged $3,800 per acre for 2022, up $420 …
International Trade Commission Clears Way for Fertilizers
By Frank Giles The International Trade Commission (ITC) recently ruled against imposing tariffs on nitrogen fertilizers imported from Russia and Trinidad and Tobago. The panel’s ruling found that imports from those countries did not hurt American producers of fertilizer. The ITC ruling removed anti-dumping and anti-subsidy duties of up to 132% on urea nitrate fertilizers from Russia. Duties of 113% …
July 4th Cookout Prices Up by 17%
This year’s Independence Day cookouts will have consumers paying a lot more for their favorite backyard food fare. They will pay $69.68 for their summer cookout foods, including cheeseburgers, pork chops, chicken breasts, homemade potato salad, strawberries and ice cream, based on a new American Farm Bureau Federation (AFBF) marketbasket survey. The average cost of a summer cookout for 10 …