As the fourth Thursday in November approaches, some shoppers may wonder how food price inflation will affect the cost of their favorite dishes, including pumpkin pie. In fact, for many Americans, it might be hard to imagine a Thanksgiving feast without it.
As of February 9, 2016, U.S. net farm income is forecast to fall to $54.8 billion in 2016 after recently peaking in 2013, due largely to declines in commodity prices.
It should come as no surprise, but in its Feb. 9 Farm Sector Income & Finance report, USDA is again projecting that net farm income for U.S. farmers will decline for the third year in a row.
Over the past 15 years, U.S. production of pumpkins for all uses (jack-o-lanterns, fresh and processed food, seed, and other) rose 31 percent, from 1.46 billion pounds in 2000 to 1.91 billion pounds in 2014.
USDA-ERS data provide estimates of the costs per edible cup equivalent for a variety of fruits and vegetables, including vegetables often featured on American's’ Thanksgiving tables.
According to the USDA Economic Research Service, profitability is strongly associated with farm size. Larger farms can often use their resources more productively than smaller farms, generating more dollar per unit of capital.
Growers across the United States intend to plant an estimated record-high 84.6 million acres of soybeans in 2015, up 1 percent from the previous record set in 2014.
One measure of technological change is total factor productivity (TFP). Increased TFP means that fewer economic resources are needed to produce a given amount of economic output.
Built on 90 years of expertise, Yetter Farm Equipment leads the agriculture industry in designing effective and innovative equipment for residue management, seedbed preparation, precision fertilizer placement, harvest attachments, strip-tillage, and more.
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