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Looking beneath the surface, USDA paper gauges pandemic's impact


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Global trade in food and agricultural products grew by 3.5% last year, according to the WTO, leading to descriptions that the sector was robust and resilient in the face of the worst pandemic in a century. However, a USDA working paper says the impact of the coronavirus was obscured by such factors as the de-escalation of the Sino-U.S. trade war.
“Holding other factors constant, our estimates suggest that COVID-19 reduced overall agricultural trade by the approximate range of 5% to 10%, an effect two to three times smaller than our estimated effect for nonagricultural trade,” said the working paper from the USDA’s office of the chief economist. ....

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Collection of Articles: Agricultural Market Response to the COVID-19 Pandemic


Collection of Articles: Agricultural Market Response to the COVID-19 Pandemic
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MILWAUKEE (PRWEB)
May 19, 2021
In a new theme of articles featured in Choices Magazine, a collection of seven article evaluate the main short-term impacts of the COVID-19 epidemic for key food and agricultural markets and discuss potential longer-term implications. Topics examined include farm income, federal pandemic payments to producers, fruit and vegetables, dairy, livestock, consumer expenditures, and trade.
Articles in this Theme:
Jayson L. Lusk and Brandon R. McFadden
If you are interested in setting up an interview with any of the authors, please contact Allison Ware in the AAEA Business Office. ....

United States , Seth Meyer , Robert Johansson , Patrick Westhoff , Ashley Hungerford , Shawn Arita , Sharon Sydow , Josephv Balagtas , Anne Effland , Brandonr Mcfadden , Daniela Sumner , Markw Stephenson , Joseph Cooper , Christophera Wolf , Andrewm Novakovic , Jason Grant , Jaysonl Lusk , Business Office , Agricultural Applied Economics Association , Choices Magazine , Allison Ware , Applied Economics Association , American Journal , Agricultural Economics , Applied Economic Perspectives , Applied Economics Teaching ,