inflation

Canada’s recent Food Price Report 2025 forecasts a rise in food prices between 3%-5%, pushing the average family of four’s annual food expenditure to $16,833.67, an increase of $800 from last year.  Though 2024 saw food prices grow more slowly than expected, affordability remains a major concern for Canadians as inflation continues to erode household budgets.  Despite easing...

Listen to the national news, and you’ll hear discussions about how inflation is not what it was last year or even a few months ago.  And while that may have a direct impact on many sectors of the U.S. economy, unfortunately agriculture is not one of them.  Cameron Mulro...

According to the American Farm Bureau Federation, the cost of a Thanksgiving dinner serving ten people is down slightly.  Bernt Nelson, AFBF economist, says their volunteer shoppers found the average cost for that dinner for ten will run $58.08, a yea...

In the year 2022, the food we bought at the grocery store went up in price by 11 ½% and up another 5% last year.  But what about this year?   “Grocery prices are predicted to increase by 1.2%.”  A rate of food price inflation that Megan Sweitzer, USDA economist described as very, very low.  She added that grocery price inflation ha...

With the expiration of the Farm Bill extension at the end of September, many in the agriculture community have called on Congress to act.  Samantha Parrott, Executive Director of the Snake River Sugarbeet Growers Association, says the sugar industry is a Title One commodity, they are somewhat insulated from the uncertainty of a lack of a Farm Bill.   “...

The Agriculture Department is expecting at home food prices this year to increase by 1.2%, which is a slight increase from the 1% that USDA economists had expected.  USDA economist Meghan Schweitzer says prices for a couple of key food categories have been higher than expected, inching that rate up.   “...

A new survey finds consumers expect to pay more for groceries this year.  Progressive Grocer reports the 2023 KPMG Winter Consumer Pulse Survey shows consumers anticipate increased prices, but are looking for ways to save money.  The Survey shows consumers expect a 15% increase in grocery spending this year.  Meanwhi...

The price of eggs is projected to fall dramatically after reaching record-high levels over several months.  The USDA said those prices should fall back to typical levels this year, provided the U.S. doesn’t see a rebound in highly pathogenic avian influenza cases in 2023.  The Bureau of...

Farm real estate values increased considerably in 2022 but showed signs of softening during the final months of the year as interest rates rose sharply.  Interest rates on farm loans jumped to decade highs alongside increases in the federal funds rate.    ...

Russia’s invasion of Ukraine, which started just over a year ago, has impacted food security and increased food inflation, according to U.S. National Security Council Spokesperson John Kirby.   “Putin has weaponized food. He's weaponized...