inflation

The American Farm Bureau released its priorities for what may be the most consequential legislation for agriculture in 2023 farm bill.

**The American Fruit Growers held its annual State of the Industry survey, with labor a big topic. One-third of the respondents say labor is not an issue for them, at least not yet. Growing Produce says that group typically has a stable team of employees, and in 20% of those cases, it includes family members...

Congress continues its review of the implementation of the 2018 Farm Bill as it prepares to debate and reauthorize next year’s farm bill.

The U.S. Energy Information Administration forecasts a variety of U.S. energy prices will remain historically high through 2023.

Reuters says the four meatpacker bosses will discuss cattle markets and price increases for consumers. The drought means hard choices for farmers throughout California’s Central Valley.

The USDA says the Consumer Price Index for Food moved higher in November, up 0.5% from October and 6.1% higher than November 2020.

Restaurant menu price inflation hit a 39-year high last month as high costs for food and labor continue. Restaurant Business, a commercial foodservice industry publication, reports limited-service restaurant prices rose 7.9%, while full-service increased 6%.

Amid a global energy crisis and rising fuel prices, U.S. Representatives have introduced legislation to repeal the Renewable Fuel Standard.

The Federal Reserve will not increase interest rates at this week’s meeting but will likely hint that rate hikes are on the horizon. As long as U.S. inflation and jobs continue to strengthen, economic weakness overseas won't stop rates from rising soon...