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Posts tagged: inflation

What Kept Food Security from Improving After the Recession?

The Economic Research Service examined why lower unemployment in the post-recession period was not matched by gains in food security among U.S. households. Photo credit: Shutterstock

The Economic Research Service examined why lower unemployment in the post-recession period was not matched by gains in food security among U.S. households. Photo credit: Shutterstock

This post is part of the Science Tuesday feature series on the USDA blog. Check back each week as we showcase stories and news from the USDA’s rich science and research portfolio.

USDA’s annual survey on food security among American households showed, not unexpectedly, that the prevalence of food insecurity increased during the 2007-09 recession. In the post-recession period, the highest monthly unemployment rate dropped from 10 percent in 2009-10 to 8.3 percent in 2012. But the rosier employment picture was matched by very little improvement in the level of food insecurity – i.e., households’ lack of consistent access to adequate food for active, healthy lives. The national prevalence of food security was 14.5 percent in 2012, essentially the same as in 2009 and 2010. What could be the explanation? Read more »

Preview of Food Price Outlook and Farm Income Sessions at 2013 Agricultural Outlook Forum

USDA’s 2013 Agricultural Outlook Forum, Feb. 21-22, in Arlington, Va., will host a morning of plenary session speakers on the opening day followed by 25 breakout sessions.  The “Food Price Outlook” breakout session for 2013 will offer perspectives on food price inflation, the factors contributing to food prices, and the consumer implications.

In this session, Dr. Todd Davis, Senior Economist for the American Farm Bureau Federation, will discuss the link between this past year’s harvest and the prices consumers pay for food. Joining him will be USDA economist Richard Volpe explaining the relationship between food prices and inflation.  Kurt Collins, Senior Director of Commodity Risk Management for Unified Foodservice Purchasing Co-op, will explore strategies the food industry is using to manage commodity price risks. The “Farm Income” session will focus on general measures of the financial well-being of the farm economy and farm households.

To learn more about the Forum, please visit our website.