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Global Container Shipping Disruptions, Pop-Up Ports, and U.S. Agricultural Exports

Retrieved on:

Friday, October 6, 2023

Freedom of Information Act (United States), Ghana National Agricultural Export, North Dakota State University, FOIA, University, USDA, Freedom, Sheep Promotion, Research, and Information Act of 1994, AEPP, Interview, Research, Rail freight transport

MILWAUKEE, Oct. 6, 2023 /PRNewswire-PRWeb/ -- New research published in Applied Economics Perspectives & Policy (AEPP) evaluates the economic impact of a cornerstone of the Biden administration's response to shipping disruptions on the U.S. West Coast. The USDA established the Commodity Container Assistance Program in 2022 to help cover additional logistical costs from shipping U.S.-grown commodities through the ports of Seattle, Tacoma, and Oakland. Using counterfactual estimation techniques that compare U.S. containerized agricultural shipments from ports that participated in the program with those that did not, the authors reveal that the program did little to foster U.S. agricultural exports. A Freedom of Information Act (FOIA) request revealed that the program incurred costs of $2.8 million, comprising $1.8 million in start-up and $1.0 million in per-container costs, between March and September 2022.

Key Points:

Using counterfactual estimation techniques that compare U.S. containerized agricultural shipments from ports that participated in the program with those that did not, the authors reveal that the program did little to foster U.S. agricultural exports.
In their new AEPP article " Global Container Shipping Disruptions, Pop-Up Ports, and U.S.
Agricultural Exports ," Sandro Steinbach from North Dakota State University and Xiting Zhuang from the University of Connecticut examine how the Commodity Container Assistance Program shaped U.S. containerized agricultural exports from Western ports in 2022.
During that period, average monthly containerized agricultural exports from participating ports were $18.6 million above the counterfactual level."

Stocking up and stocking out: Food retail stock-outs, consumer demand, and prices during the COVID-19 pandemic in 2020

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Monday, April 24, 2023

AEPP, COVID-19, Demand, Infant, Food, Health, Interview, USDA

MILWAUKEE, April 24, 2023 /PRNewswire-PRWeb/ -- With the supply chain problems recently plaguing the infant formula industry, policymakers have been tracking sales and availability of this food item that is critical to infant health and nutrition. A new study documents that stock-outs of infant formula appeared to increase in 2020 following the onset of the pandemic.

Key Points:

A new study documents that stock-outs of infant formula appeared to increase in 2020 following the onset of the pandemic.
"
Stocking Up and Stocking Out: Food Retail Stock-outs, Consumer Demand, and Prices during the COVID-19 Pandemic in 2020 " published in AEPP by Patrick McLaughlin, Alexander Stevens, and Xiao Dong from USDA - Economic Research Service, and Shawn Arita, from USDA, Office of the Chief Economist.
The authors say, "Stock-outs across a wide array of food persisted for weeks to months after the onset of the COVID-19 pandemic in 2020.
For the food categories with the highest increases in stock-outs, increases in stock-outs did not appear to coincide with strong and immediate increases in average prices paid for food.

Is a Credibility Crisis on the Horizon for Agricultural Economics

Retrieved on:

Friday, December 2, 2022

MILWAUKEE, Dec. 2, 2022 /PRNewswire-PRWeb/ -- Over 37% of the published effects in agricultural economics are exaggerated by a factor of two or more, and 18% are exaggerated by a factor of more than four.

Key Points:

In the article " Credibility Crisis in Agricultural Economics " published in the Applied Economic Perspectives & Policy, Paul Ferraro, from Johns Hopkins University and Pallavi Shukla from Deakin University find out how common research practices can undermine the credibility of empirical analyses.
Ferraro says, "The agricultural economics community needs to change its publication incentive structure, which prioritizes the 'publishability' of research results over the credibility of research designs.
Agricultural economics has a classic problem of misaligned incentives, a problem about which we economists know a lot.
ABOUT AAEA: Established in 1910, the Agricultural & Applied Economics Association (AAEA) is the leading professional association for agricultural and applied economists, with 2,500 members in more than 60 countries.

Access to Health Care and Rural Worker Productivity: Financial Sustainability

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Friday, April 29, 2022

MILWAUKEE, April 29, 2022 /PRNewswire-PRWeb/ -- The COVID pandemic has not only shined a bright spotlight on the need for access to quality health care across the rural-urban spectrum, but it has also threatened the financial sustainability of many rural health care providers. Many rural hospitals and other health care providers were forces to halt many services, such as elective and preventative care procedures, which significantly reduced revenues. For many rural health care providers, this reduction in revenues elevated their levels of fiscal stress. While federal aids helped offset some of this COVID induced fiscal stress, for many rural health care providers the aid was insufficient.

Key Points:

MILWAUKEE, April 29, 2022 /PRNewswire-PRWeb/ -- The COVID pandemic has not only shined a bright spotlight on the need for access to quality health care across the rural-urban spectrum, but it has also threatened the financial sustainability of many rural health care providers.
Many rural hospitals and other health care providers were forces to halt many services, such as elective and preventative care procedures, which significantly reduced revenues.
For many rural health care providers, this reduction in revenues elevated their levels of fiscal stress.
In the research published in AEPP " Access to Health Care and Rural Worker Productivity " Steven Deller from the University of Wisconsin-Madison asks how access to health care impacts regional economic activity as measured by worker productivity.

The EU's farm to fork strategy: An assessment from the perspective of agricultural economics

Retrieved on:

Monday, April 4, 2022

MILWAUKEE, April 4, 2022 /PRNewswire-PRWeb/ -- The war in the Ukraine underlines the importance of food production for food security. EU policy makers have to be aware about the implications of the farm-to-fork strategy for food security. According to the European Commission "The Farm-to-Fork Strategy is at the heart of the European Green Deal aiming to make food systems fair, healthy, and environmentally-friendly"

Key Points:

EU policy makers have to be aware about the implications of the farm-to-fork strategy for food security.
Wesseler says, "The quantitative assessment of benefits and costs by previous studies indicates that the farm-to-fork strategy will reduce welfare within the EU.
ABOUT AAEA: Established in 1910, the Agricultural & Applied Economics Association (AAEA) is the leading professional association for agricultural and applied economists, with 2,500 members in more than 60 countries.
The AAEA publishes two journals, the American Journal of Agricultural Economics and Applied Economic Perspectives & Policy, as well as the online magazine Choices and the online open access publication series Applied Economics Teaching Resources.

Market Potential of New Plant-based Protein Alternatives: Insights from Four U.S. Consumer Experiments

Retrieved on:

Tuesday, March 29, 2022

MILWAUKEE, Wis., March 29, 2022 /PRNewswire-PRWeb/ -- Global interest in commodity markets for plant-based protein is high for several reasons; associated interest in consumer sentiment and demand for protein items remains elevated. A 1% decline in Beyond Beef's offering price is projected to increase the probability of Beyond Beef being selected by 3.6% for regular meat consumers and 1.6% for those declaring an alternative diet such as Vegan, Vegetarian, or Flexitarian. This reflects regular meat consumers being more sensitive to price changes.

Key Points:

MILWAUKEE, Wis., March 29, 2022 /PRNewswire-PRWeb/ -- Global interest in commodity markets for plant-based protein is high for several reasons; associated interest in consumer sentiment and demand for protein items remains elevated.
This reflects regular meat consumers being more sensitive to price changes.
In the new article " Market Potential of New Plant-based Protein Alternatives: Insights from Four U.S. Consumer Experiments ," Glynn Tonsor and Ted Schroeder from Kansas State University along with Jayson Lusk from Purdue University, assess the economic impact of plant-based protein offering being introduced in the United States.
Tonsor says, "We believe future economic research will be improved given availability of consumer demand elasticity estimates derived in this work.

Do Plant-Based and Blend Meat Alternatives Taste Like Meat?

Retrieved on:

Thursday, March 24, 2022

MILWAUKEE, March 24, 2022 /PRNewswire-PRWeb/ -- With meat prices escalating during the Ukraine crisis and the possibility of a new COVID surge, more and more are turning to a plant-based meat to save a few dollars at the grocery store.

Key Points:

In the new article " Do Plant-Based and Blend Meat Alternatives Taste Like Meat?
We find that beef burgers are preferred over the plant-based alternatives.
Overall, our results suggest that the success of plant-based alternatives is heavily dependent on the taste; as well as on the way these alternative burgers are made.
Recognizing taste as a key factor for the expansion of plant-based meat among meat-eaters, Beyond Meat, which used pea-like protein, has adjusted the composition of its burger to even more closely resemble a typical meat flavor."