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
New income opportunities can be a good fit for a farm or ranch, but they still need to work with the operation. LandTrust gives landowners another way to generate income from their property through guest experiences. Before adding a visitor experience, consider: • What areas of the property guests could access • How hosting would fit the… Potential On Farm Additional Revenue Streams
Team Spotlight ➡️ Sonora Zaugg, Farm Management Associate Meet Sonora, a vital part of our team here at Root Ag Advisory. She plays a key role in supporting both permanent and row crop operations, with hands-on experience in asset management, budgeting, financial reporting, and property oversight. Lately, she’s been serving as a water liaison, representing… Employee Spotlight: Sonora Zaugg
Root Agricultural Advisory
2670 S. Eagle Rd. Meridian ID 83642
(208) 753-2333 info@rootagadvisory.com
