Tag: economics

The latest survey of grocery shoppers by FMI – The Food Industry Association for its U.S. Grocery Shopping Trends 2023 series, reveals that the meaning of “good value” is becoming more complex as consumers navigate grocery aisles.

The Conference Board Consumer Confidence Index decreased in January following an upwardly revised increase in December 2022.

All the classic signs of a recession are not there, said Michael Swanson, chief agricultural economist for Wells Fargo.

Terrain, a new source of agricultural industry analysis for U.S. farmers and ranchers, launches today, Nov. 7, 2022. Three leading Farm Credit Associations – American AgCredit, Farm Credit Services of America and Frontier Farm Credit – partnered to establish and offer Terrain to their customers.

It’s not often that a head of iceberg lettuce becomes a worldwide sensation.

The U.S. fresh produce and floral industries support 2.2 million total jobs across all 50 states and $120.1 billion in labor income, nearly reaching pre-COVID levels, according to an economic impact study conducted on behalf of the International Fresh Produce Association.

Inflation in food prices this year will not exactly be grinding to a halt, according to USDA’s ERS, but it will measurably slow down. Should we believe that?

It sounds like giving up, and I guess in a way it is. I refer to the Great Resignation—the huge number of people who are quitting their jobs, a trend triggered by the pandemic.

The financial press has reported that Chair of the Federal Reserve, Jerome Powell, has used the term, transitory, to describe how long inflation might last. It appears that based on his testimony in front of a Congressional committee on Nov. 30, his thinking regarding the question of how long inflation might last has changed—from transitory to longer-lasting.

Today's Consumer Price Index shows a monthly rise of 0.8 percent in April and 4.2 percent year over year. Food rose 0.4 percent in April, but fruits and vegetables were up 0.8 percent, led by fresh fruits' increase of 1.5 percent in the month.