Food Price Fun compares the theory of food prices to practices of buying food. On the one hand the Bureau of Labor and Statistics (BLS) Consumer Price Index (CPI) food prices provide the benchmark for the macroeconomy of food. But … Continue reading →
While reviewing 2024 household expenditures at year’s end, the items within each grocery bill were retrievable. Access to this level of analysis opens new opportunities for understanding food prices. In the random data universe, this is an n=1. In other … Continue reading →
This chart is from the USDA, Economic Research Service (ERS), USDA Agricultural Projections to 2034, released on 2/18/25. The 2025 USDA Agricultural Outlook Forum occurred the following week, 2/27-28/25. This series of events mark the end of the last US … Continue reading →
Last Thursday and Friday, (2/27 & 2/28/2025), the USDA held their annual February, Agricultural Outlook Forum in DC. This marks the start of another growing season. The February date allows for last year’s crop year data to be tabulated and … Continue reading →
The price of eggs reported by the Bureau of Labor and Statistics used in the January Consumer Price Index (CPI), was $4.95 per dozen. In many places it is higher than this. In the Midwest if you know where to … Continue reading →
Trade fundamentally seeks out the most efficient combination of resource use. In economic terms, it optimizes the lowest opportunity cost. The US, and more recently Brazil, produce soybeans so well they supply the world. When other nations import soybeans, it … Continue reading →
When the benefits of an activity are difficult to put a dollar value on, or monetize, the traditional cost curves don’t tell the whole story. Total costs are the sum of all the variable costs and fixed costs. Undervalued community … Continue reading →
Food price inflation is still in the news. Eggs have become a national security issue. Well, one would think so from the news. Mostly, the egg-laying chickens are sick and dying. But once we get beyond this egg-industry crisis, we … Continue reading →
One hundred and one years ago, USDA began counting the production of soybeans on US farms. This is not because that is when farmers began harvesting soybeans for grain. No. This is when the quantity of soybean production was sufficient … Continue reading →
In a January 21, LinkedIn post about a 1/19/25 Wall Street Journal Article on food prices rising in December, it was speculated that it is traditional food eating month. If prices were going to rise in an annual cycle, December … Continue reading →
