Items by Will Snell | Extension Professor
Ag Export Growth Subsides Amidst a Changing Global Economy
By Will Snell | Extension Professor
Published on Jun. 29, 2023
After achieving a record high of $196.4 billion in FY 2022 (October 1, 2021- September 30, 2022), USDA has for the second time reduced its 2023 FY forecast for U.S.
2023 Farm Bill Overview and Update
By Will Snell | Extension Professor
Published on Apr. 28, 2023
The 2023 Farm Bill debate continues to evolve in our nation’s capital amidst a lot of political challenges.
Tobacco Economics Update
By Will Snell | Extension Professor
Published on Apr. 6, 2023
Tobacco Update + Introducing a New Organization Supporting Tobacco Growers
By Will Snell | Extension Professor
Published on Jan. 30, 2023
The 2022-23 tobacco marketing season is beginning to wind down following challenging growing/curing conditions for the 2022 crop. Buyers indicate that the subpar-quality crop turned out slightly better than expected. Grower prices will end up higher, but profitability will be lower given lower yields and inflated input prices. Consequently, a
Food Price Inflation – Trends and Implications for U.S. and Global Consumers
By Will Snell | Extension Professor
Published on Apr. 28, 2022
Inflation dominates today’s conversation among the media, politicians, and everyone impacted–i.e., all of us as consumers.
2022 Tobacco Budgets
By Will Snell | Extension Professor
Published on Feb. 28, 2022
The 2022 Kentucky-Tennessee tobacco budgets for burley, dark air-cured, dark fire-cured, cigar wrapper tobaccos are now available for download on our budgets page. These budgets are developed by Alan Galloway, University of Tennessee (UT), Mitchell Richmond (UT), Bob Pearce, Andy Bailey, and myself
Inflation – “Good” or “Bad” for Agricultural Producers and Consumers?
By Will Snell | Extension Professor
Published on Jan. 28, 2022
Inflation has been headline news for several months and certainly an issue impacting all businesses, industries, and all of us as consumers.
U.S. and Global Food Price Inflation
By Will Snell | Extension Professor
Published on May. 28, 2021
Food price inflation continues to be headline news as the food system adjusts from the lingering effects of COVID-19 amidst tight labor/ag supplies, a resurgence in the U.S. economy, and a host of other factors discussed below.
Examining How Macroeconomic Policy Changes Impact the Farm Economy
By Will Snell | Extension Professor
Published on May. 12, 2021
Farmers and agribusinesses closely monitor changes in commodity and input prices, crop yields, rates of gains on livestock, the latest technology, and of course, the weather. However, changes in macroeconomic variables such as interest rates, inflation, income growth, and exchange rates, often have a much greater impact on their bottom line.
Carbon Markets 101
By Jordan Shockley | Associate Extension Professor and Will Snell | Extension Professor
Published on Apr. 29, 2021
The development of agricultural ecosystem credit markets, specifically carbon markets, is a hot topic in the popular press and Washington, DC. The United States Environmental Protection Agency (EPA) estimates that 10% of carbon dioxide, a primary greenhouse gas, is emitted by the agricultural sector. While this is relatively a small portion of
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