All of us rely on nature’s benefits during our daily routines, but few stop to think about how we can sustain those benefits over time. Luckily, there are economists, resource managers, and policymakers working on tools to help manage resources—and environmental markets are one of those tools. Environmental markets allow people who use ecosystem services to pay those who provide environmental benefits. In some cases, the environmental stewards who can provide benefits (like clean water, air and habitats) are farmers. While there is promise in environmental markets, there are a lot of kinks to work out.
Two new issue papers by the World Resources Institute, take a deep dive into the mechanics of water quality trading and other environmental markets by exploring options for market development. The papers were produced with support from the USDA Office of Environmental Markets, and were released earlier this month. Read more »
At USDA, we know that local and regional food systems are an important part of America’s diverse agriculture sector. Local and regional food is a multi-billion dollar market opportunity for America’s farmers, ranchers and food businesses. From the produce vendor at one of the nation’s 8,100 farmers markets to the operating 220 food hubs across America to the robust farm to school activities in each state, the expanding market opportunity for local and regional food continues to gain momentum
USDA stands ready to aid and assist America’s farmers and ranchers who want to participate in this growing sector. We’ve been coordinating our work via the Know Your Farmer, Know Your Food Initiative. However, our ability to continue supporting the local and regional food marketplace is at stake without the passage of a Food, Farms and Job Bill. Read more »
USDA Market News reporter Holly Mozal teaches a Cochran Fellowship group from Haiti about our Market News database. We capture data for everything from cotton, fruits, vegetables and specialty crops, livestock, meats, poultry, eggs, grain and hay, to milk and dairy, and tobacco.
At some point in our lives, we all wonder what it would be like if we didn’t exist. How would things be different? Last month, American farmers and businesses experienced what it was like to live without USDA Market News. While the markets continued to operate, we received several phone calls and heard stories of how so many small and mid-sized producers struggled without the valuable information we provide.
In the 100-year history of Market News, this was only the second time that the data reports were not available. The reports give farmers, producers and other agricultural businesses the information they need to evaluate market conditions, identify trends, make purchasing decisions, monitor price patterns, evaluate transportation equipment needs and accurately assess movement. The information, gathered by the Agricultural Marketing Service (AMS) and provided for free, captures data for everything from cotton, fruits, vegetables and specialty crops, livestock, meats, poultry, eggs, grain and hay, to milk and dairy, and tobacco. Read more »
There are a wide range of important reasons why rural America needs passage of a comprehensive, multiyear Food, Farm and Jobs Bill as soon as possible. One of the most pressing is to grow the rural economy in a way that creates new jobs and reverses the troubling decline in population that we’ve seen recently in America’s small towns.
This week, USDA’s Economic Research Service released its annual report on the economic condition of rural America – the 2013 Rural America at a Glance report. The data in this report underscores the challenges of stagnant job growth and persistent poverty faced by many communities across rural America. Read more »
An illustrated guide to spot markets, with insight into how store holiday ads can affect the sale of featured items and how retail stores meet consumer demand. Click to enlarge.
Buying and selling, supply and demand, wholesale and retail—the market and all of the economic factors surrounding it are complex things to track and understand. From the smallest farmer to the largest grocery store chain in the nation, all of American agriculture depends on the trends and prices within the marketplace.
At USDA’s Agricultural Marketing Service (AMS), we know the value of information and data. For almost 100 years we’ve tracked pricing and market trend information in our USDA Market News reports, and now we’ve formed the Agricultural Analytics Division (AAD) to help further meet the informational and statistical needs of farmers and businesses across the country.
The AAD provides a wide range of econometric, statistical, and analytical expertise and services. From production numbers to prices and market trends, to international trade activities and environmental impact—they track it all. Read more »
Confidential Assistant to the AMS Administrator Karen Comfort tours the AMS Cotton and Tobacco Programs Headquarters. Comfort learns how cotton samples are graded using the new Cotton Acquisition and Tracking System (CATS). This system improves the efficiency of cotton sampling process by automating much of the sample delivery process.
As the saying goes, “Two heads are better than one.” This certainly holds true when it comes to the critical partnership between public and private sectors. Several times a year the Commodity Roundtable brings together leaders from many of USDA’s national research and promotion programs and marketing orders, which play a vital role in helping our nation maintain one of the strongest agricultural sectors in the world.
At the most recent Commodity Roundtable meeting in Memphis, TN, I was impressed by the open dialog and the leaders’ deep commitment to supporting America’s farmers and ranchers. Members discussed best practices and strategic plans that will help their respective industries succeed and grow, thanks in part to a commitment to diverse leadership, viewpoints and opinions. Read more »