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The Economics of Food, Farming, Natural Resources, and Rural America

Last updated on  November 30th, 2014

Inflation and Higher Food Prices Kept Food Insecurity Rates Relatively High After the 2007-09 Recession: Click here
Despite falling unemployment rates, the prevalence of food insecurity among U.S. households remained relatively stable from the end of the Great Recession (2007-09) through 2013. Higher general inflation, combined with higher relative food prices, offset the effect of lower unemployment.

With Adequate Productivity Growth, Global Agriculture Is Resilient to Future Population and Economic Growth: Click here
If agricultural productivity growth slows in future years, how will global agricultural output, consumption, land use, and prices adjust? To address this question, ERS researchers recently used the agency’s global agricultural and energy economic model—the Future Agricultural Resources Model (FARM)—to simulate agricultural markets in 2050 under a range of different scenarios.

Rural Areas Lag Urban Areas in College Completion: Click here
Despite gains in high school completion rates, rural (nonmetropolitan) areas continue to lag urban (metropolitan) areas in post-high school educational attainment.

Returns to Organic Corn Production Were Higher Than Conventional in 2010: Click here
The returns and production practices for organic and conventional corn production are compared for 2010. The returns from organic corn production exceeded those from conventional production due mainly to higher organic prices that more than offset lower organic yields. Total operating and ownership costs per acre were not significantly different.

Milk Production Continues Shifting to Large-Scale Farms: Click here
Production has shifted to larger farms in most agricultural commodity sectors over the last two decades. This is especially true for dairy farms, where a major transformation of the sector has reduced the number of dairy farms by nearly 60 percent over the past 20 years, even as total milk production increased by one-third.

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