Turkey Consumption Stable and Butter Use Higher

Turkey Consumption Stable and Butter Use Higher

Bob Larson
Bob Larson
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.

**Americans will eat about 16 pounds of turkey per person this year, an average the USDA says has remained fairly stable in recent years.

California ranks eighth in the nation in turkey production, with most being fresh.

The USDA says wholesale prices for frozen birds have risen this year, though retailers often offer special prices on turkey for the holidays.

**With more Americans at home during the coronavirus pandemic, 2020 has been a banner year for butter following a large uptick in home baking and cooking.

The USDA reports butter production is up 6% over the first nine months of 2020 and on track to top two billion pounds for the first time since 1943.

dairyherd.com reports, while butter use has grown over the past four decades, it gained momentum in the early 2000s and finally outsold margarine in 2005.

https://www.dairyherd.com/markets/milk-prices/2020-banner-year-butter?mkt/

**The Biden transition team is hinting at new policies that impact agriculture, including an emphasis on climate change.

According to the Washington Post, a Biden administration wants to "embed action on climate change across the breadth of the federal government, from the departments of Agriculture to Treasury to State, expanding it beyond environmental agencies.”

agweb.com reports, one idea is to establish a so-called "carbon bank" under USDA's Commodity Credit Corporation, possibly paying farmers and forest owners to store carbon in the soil.

https://www.agweb.com/article/looking-bidens-emphasis-climate-change?mkt/

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