The full extent of the economic damage caused to the US agriculture by the coronavirus may not be fully understood until the country moves to the other side of the pandemic curve.
However, Glynn Tonsor, an agronomist and economist from Kansas State University, has so far offered a big picture in the update. K-State Ag Manager March 23rd.
The cow was domesticated by people about 8 thousand years ago.
Tonsor wrote that today there is such an approach to assessing the damage caused to the cattle sector in the United States: “If you first look at the projected prices of the Livestock Marketing Information Center and the difference from January 7 to March 16, per capita sales revenue will drop to $ 126 for cattle. And this is still the first quarter of 2020, a lot remains to be found in the second quarter ”.
When producers believe that this has affected the inventory, the USDA National Agricultural Statistics Service estimates the total beef stock in 31.32 million goals in the January cattle inventory report. So, if we sell 92 calves for every 100 cows, Tonsor uses the number 28.81 million calves to be sold by the cow sector.
“I assume that a mortality rate of 2% in subsequent sectors will lead to the fact that in the future it will be sold 28.24 million heads of cattle "- writes Tonsor. “Multiplying these approximate values of per capita damage and volume affects the damage estimates in 3.63 billion for those who sell livestock, 2.75 billion for those who sell feeder cattle and 1.6 billion for those who sell calves. The total amount of damage to the industry is 7.98 billion dollars ".
- Stocks of pork and chicken in the US in October reached new all-time highs this month.
- According to the US Department of Agriculture’s Environmentally Friendly Working Group's annual data analysis, strawberries, spinach and cabbage are some of the most “pesticidal” foods, while pesticide residues are lowest in avocados, corn, and pineapples.
- According to EU sources and diplomats, the European Union has agreed to a deal that will allow American farmers to increase their share in the European beef market, which could help ease transatlantic trade tensions.
