GA Peanut Annual Research Day and Cow Milk Consumption Down

GA Peanut Annual Research Day and Cow Milk Consumption Down

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

**The Georgia Peanut Commission will hold the annual Research Report Day next Wednesday, February 9th, at the National Environmentally Friendly Sound Production Ag Laboratory, on the UGA campus in Tifton.

According to www.morningagclips,com, the event provides growers and industry reps an opportunity to hear the latest reports and newest information available on peanut research funded by GPC in 2021.

GPC awarded over $886,000 to peanut research in Georgia last year.

**U.S. per capita consumption of fluid cow’s milk has been trending downward since the mid-1940s but fell at a faster rate during the 2010s than in each of the previous six decades.

On a given day in 2003, U.S. consumers drank about 0.57 cup-equivalents of fluid cow's milk, but consumption fell to 0.33 cup-equivalents by 2018.

Over that period, U.S. per person consumption of milk WITH CEREAL also fell by 0.06 cup-equivalents, children accounting for the steepest drop.

**Retail food prices increased 3.5% in 2020 and 2021, greater than the historical annual average of 2% from 2000 to 2019.

But USDA's Economic Research Service expects less inflation this year for food-at-home, expected to increase between 1.5 and 2.5% this year, lower than the 3.5% increase in both 2020 and 2021.

Dairy products and fresh vegetables had significantly slower price increases in 2021 than 2020 and their historical averages.

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