keeping with the growing food theme
Jan. 1st, 2012 01:38 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
ljgeoffUSDA’s November Crop Production and WASDE reports:
2011 U.S. corn crop was 137 million smaller than the 2010 crop.
The 2011 U.S. soybean crop is now (Nov.'11) forecast at 293 million bushels smaller than the 2010 crop.
Crop insurance companies have paid out more than $7.1 billion so far this year, according to the National Crop Insurance Services. The payout makes 2011 second only to 2008’s $8.6 billion in the total value of indemnities paid to farmers.
As of Nov 2011, beef prices were up 9.8% compared with the same month last year. Pork prices were up 6.9% and poultry was 3% higher. With fewer fertile hens around, egg prices were 10.2% higher; dairy was up 8.7%.
The USDA is projecting that next year will bring an overall spike of 2.5% to 3.5% in US food prices.
2011 U.S. corn crop was 137 million smaller than the 2010 crop.
The 2011 U.S. soybean crop is now (Nov.'11) forecast at 293 million bushels smaller than the 2010 crop.
Crop insurance companies have paid out more than $7.1 billion so far this year, according to the National Crop Insurance Services. The payout makes 2011 second only to 2008’s $8.6 billion in the total value of indemnities paid to farmers.
As of Nov 2011, beef prices were up 9.8% compared with the same month last year. Pork prices were up 6.9% and poultry was 3% higher. With fewer fertile hens around, egg prices were 10.2% higher; dairy was up 8.7%.
The USDA is projecting that next year will bring an overall spike of 2.5% to 3.5% in US food prices.