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Shining Light on Farm & Food Policy for 20 Years.
Saturday, October 05, 2024
Rural residents regardless of political party are more concerned about inflation than people who live in metro areas, according to a quarterly survey that has been tracking voter attitudes toward the cost of food.
Some 13.5% of U.S. households had trouble getting enough food in 2023, as food insecurity among Americans jumped once again to just under the highest rate USDA has recorded in its annual surveys.
Consumers in both major political parties believe their party can lower food prices, according to a recent survey. However, supporters of former President Donald Trump have more confidence that Republicans can cut prices without bipartisan help.
High food prices have become major talking points in the upcoming presidential election, with both sides pointing to different causes for pricey grocery store receipts over the past four years. Economists say a number of factors have been at play, depending on the type of food.
Vice President Kamala Harris on Friday promised to control food inflation, an issue that has dogged Democrats throughout the campaign season, by threatening penalties on companies that raise prices unfairly.
The Congressional Budget Office is due to release its latest 10-year estimates for farm programs today. The new baseline isn’t expected to have any direct impact on the current farm bill discussions, but it could show whether lawmakers will face even greater budget challenges in the next Congress if they don’t get the legislation done this year.
The organic industry continued to grow in 2023 across several products, according the Organic Trade Association, which released the results of its 2024 Organic Industry and Consumer Survey to kick off Organic Week in Washington on Tuesday.
The latest Ag Economy Barometer reading moved a mere one point from its previous figure, but year-over-year comparisons offer a clearer picture of what farmers are thinking entering 2024.
Supermarket prices rose just 0.1% in November as lower costs for beef, pork and poultry offset higher prices for fruits, vegetables, cereals and bakery products, the Bureau of Labor Statistics reported Tuesday.