Food Economist | Professor and Noel W. Stuckman Chair in Food Economics and Policy at Michigan State University | Venezuelan π»πͺ
As we enter 2025, the #food economy faces major developments that will shape the sector. Here are 5 issues Iβll be watching closely: π§΅
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MIKE JOHNSON: All of the economist have shown that food prices always go up. There's an inflationary level that's built in to grocery prices.
Also those price increases for coffee, ground beef, chocolate, bananas, and canned goods in recent months? Thatβs in large part the tariffs!
MIKE JOHNSON: All of the economist have shown that food prices always go up. There's an inflationary level that's built in to grocery prices.
Reposted by David L. Ortega, Southern Africa
In recent years, the FDA has typically been able to conduct ~110 foreign food inspections each month, but in March, the number of inspections dropped almost in half.
Wholesale turkey π¦ prices 40%πΊy/y
Retail beef roast π₯© prices 18%πΊ
Groceries are up 1.6% πΊ
Menu prices are up 2.5% πΊ
Reposted by David L. Ortega
Cocoa costs have surged to record highs after years of poor harvests in West Africa β where most of the worldβs cocoa is grown.
The result? Smaller bars, more fillers, and higher prices.
Reposted by David L. Ortega
I wrote about what this could mean for Thanksgiving, egg prices, and biosecurity. π§΅
Reposted by David L. Ortega
@politico.com #SNAP
www.politico.com/news/2025/10...
- stops $ to buy US farmers' products for hungry Americans shrinking farmers' domestic market
- vaporizes US farmers' foreign markets via tariffs
- sends billions tax $ to Argentina to bail out Trump donors while Argentina boosts its farmers sales to US farmers' former customers
Reposted by Richard Waite
π Full segment youtu.be/YqIGSdKn184
BROOKE ROLLINS: Yes, the president has said he's in discussions with Argentina. It will not be very much. Argentina is also facing a foot and mouth disease issue.
Reposted by David L. Ortega
BROOKE ROLLINS: Yes, the president has said he's in discussions with Argentina. It will not be very much. Argentina is also facing a foot and mouth disease issue.
www.nytimes.com/interactive/...
www.washingtonpost.com/business/202...
Bird flu and AMPV have hit flocks hard, pushing bird numbers to a 40-year low. Production is ~6% and wholesale prices are πΊ~25% y/y.
No need to panic as there will still be plenty of π¦ in stores, but you may likely pay a bit more this year πΈ.
www.nytimes.com/interactive/...
Nearly 20% less students traveled to the US this August compared to last year.
π 24% drop in students from Asia
π 32% drop in students from Africa
www.nytimes.com/interactive/...
Reposted by David L. Ortega
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Also, four weeks is an eternity for soybean farmers.