Food-at-home prices increased by 11.4 percent in 2022, more than three times the rate in 2021 (3.5 percent) and much faster than the 2.0-percent historical annual average from 2002 to 2021. Of the food categories depicted in the chart, all except beef and veal grew faster in 2022 than in 2021. In 2022, price increases surpassed 10 percent for food at home and for nine food categories. Egg prices grew at the fastest rate (32.2 percent) after an outbreak of highly pathogenic avian influenza (HPAI) throughout 2022.
Prices for fats and oils increased by 18.5 percent, largely because of higher dairy and oilseed prices. Prices also rose for poultry (14.6 percent) and other meats (14.2 percent). Elevated prices for wholesale flour—attributed to the conflict in Ukraine and rising fertilizer prices—and eggs contributed to a 13.0-percent price increase for cereals and bakery products.
REPOSTED FROM ERS.USDA.GOV – READ FULL ARTICLE HERE
Irrigation Systems and Food Production Irrigated agriculture is critical, supplying 40% of the world’s food despite having only 28% of cropland. Irrigation also stabilizes food production by separating crop yields from the risk of variable rainfall (Troy et al., 2015). However, history reveals that most irrigation systems eventually fail. In Pillar of Sand, Sandra Postel discusses… Read More »Columbia Basin Project
Agriculture Commodity Price Forecast: Late 2024 into 2025 As the end of 2024 approaches, US farmers are focused on planning for 2025, anticipating how commodity prices for major agricultural goods like corn, soybeans, and wheat will fluctuate. Numerous factors, including global demand, input costs, and government policies, will impact the agricultural market. This guide explores the latest price forecasts for agricultural commodities… Read More »Commodity Market Outlook
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