Media Relations Office

Agricultural economist, Christopher Wolf, says Texas farmers who lost power for milkings may see prolonged lower production rates given possible negative health impacts for dairy cows. He adds while it’s possible there will be milk shortages in Texas and the surrounding regions, national milk production levels have been high, so most U.S. consumers will not see supply issues caused by the storm.

Food & Agriculture

Dyson School of Applied Economics & Management

---

Grocery stores and food retailers are stockpiling products to prepare for another widespread outbreak of COVID-19 cases amidst the already busy holiday season rush. Edward McLaughlin, professor of food industry management and an expert in the efficiency of food distribution systems says food companies, anticipating another potential wave of COVID-19, are putting previous demand buying models aside and are now sending staple goods to grocery stores, even without an order.

Food & Agriculture

Dyson School of Applied Economics & Management

Economics and Business

---

The Federal Reserve is scheduled to wrap up its two-day meeting on Wednesday afternoon, when it will announce its latest policy decisions. While experts do not anticipate a significant shift in the central bank’s posture, many are looking for signs on how the Fed is planning for potentially high inflation in the near future. Cornell experts, Sarah Wolfolds and Shawn Mankind, weigh in on the Fed's likely posture. 

Dyson School of Applied Economics & Management

Economics and Business

Johnson Graduate School of Management

---

U.S. Secretary of Agriculture Sonny Perdue announced the Coronavirus Food Assistance Program (CFAP). Agricultural economist Andrew Novakovic says while it’s helpful the CFAP will provide assistance for farmers, massive demand destruction still remains as an underlying problem.

Food & Agriculture

Dyson School of Applied Economics & Management

Agriculture and Life Sciences

---

While the food supply has kept up with consumer demands during the coronavirus pandemic, the dairy industry is seeing major supply chain disruptions given the closures throughout the food service industry. Cornell agricultural economist Andrew Novakovic says small dairy farms and small processors are facing dire economic straits — given the food service industry disruptions and export demand destruction.

Food & Agriculture

Agriculture and Life Sciences

Dyson School of Applied Economics & Management

---

Ariel Ortiz-Bobea, assistant professor of applied economics and management and a fellow at Cornell’s Atkinson Center for a Sustainable Future, Sarah Evanega, director of the Cornell Alliance for Science and professor of plant breeding and genetics, and Daryl Nydam, professor in the Department of Population Medicine and Diagnostic Sciences and director of Quality Milk Production Services, comment on an upcoming IPCC report that calls for urgent food systems reforms.

Energy, Environment & Sustainability

Atkinson Center for a Sustainable Future

Dyson School of Applied Economics & Management

Food & Agriculture

Agriculture and Life Sciences

---

The USDA is expected to release the results of the 2017 Census of Agriculture on April 11 at noon, which Jennifer Ifft, assistant professor of Applied Economics and Management at Cornell University and former member of the USDA’s Economic Research Service, says will offer insight into how farms have adjusted to economic stress imposed by lower commodity prices and higher labor costs.

Dyson School of Applied Economics & Management

Food & Agriculture

Law and Policy

---

Rumors abound about Apple’s likely foray into TV streaming. In confirming the date for its next event, Apple tagged the March 25 invitation with a sentence that hinted at an upcoming video service, reigniting speculation on the company’s streaming plans. Aija Leiponen, professor of applied economics at the Cornell SC Johnson College of Business and an expert on digital markets, studies the way data is commercialized on the internet. She says that Apple will need big hit shows to convince consumers to subscribe to yet another streaming service.

Economics and Business

Dyson School of Applied Economics & Management

Cornell SC Johnson College of Business

---

On Wednesday, the Federal Reserve announced that it was leaving interest rates unchanged and cautioned that the bank will be “patient” in future action on interest rates. Cornell University economist Steven C. Kyle, an expert in macroeconomics and government policy, says that signs of a slowdown in the current economic climate are behind the Fed’s recent change of approach.  

Economics and Business

Cornell SC Johnson College of Business

Dyson School of Applied Economics & Management

---

Steven Kyle, associate professor of applied economics and management at Cornell University, says that while the aftermath of Hurricane Michael can be difficult for families caught in its path, recovery efforts will keep the period of large-scale negative economic effects short.

Economics and Business

Dyson School of Applied Economics & Management

---