Agribusiness Update for Tuesday 08/12/14

Various ag industries have been accessing what the damages might be thanks to the Russian ban on ag products put into place last week and extending for a year. Meat products and things like potatoes will take the brunt of the ban although as one industry official put it, in the grand scheme of things a one-year ban is not really enough to do a lot of overall damage. What it is causing ag officials to do is to look elsewhere to expand other markets.

Many of the low-income households participating in USDA's Supplemental Nutrition Assistance Program struggle with time constraints related to work and child care. The share of SNAP-participating households with earnings has risen over the last 15 years from 24 percent to 31 percent in fiscal 2012, and single-parent households made up 57 percent of all SNAP households with children in fiscal 2012. A recent study found a significant relationship between SNAP participation and time spent preparing and eating meals.

That's today's Agribusiness Update from the Ag Information Network.