Reports Consider Economic Impact of COVID-19 on Agriculture
A report commissioned by a coalition of the California Farm Bureau Federation and other groups says that pandemic-related losses to California farms, ranches, and agricultural businesses will range between $5.9 billion and $8.6 billion this year. The study revealed that the state’s agricultural sector has already suffered $2 billion in losses from disrupted markets and rising production costs related to the COVID-19 outbreak.
Meanwhile, a commentary released by the Council for Agricultural Science and Technology (CAST) and the Agricultural & Applied Economics Association looks at Economic Impacts of COVID-19 on Food and Agricultural Markets. The commentary is authored by agricultural economic researchers from institutions around the country, and it addresses topics including macroeconomics; trade; supply chain; consumer behavior; food service/grocery; meat processing; forestry and wood products; local food systems; food waste; food insecurity; major commodity crops; agriculutral finance; agricultural labor; rural health care; and research and outreach priorities. The commentary is available free online.