Beef and recession

Beef and recession

David Sparks Ph.D.
David Sparks Ph.D.
Chair of the Cattlemen's Beef Board, Norm Voyles Jr has obvious concerns regarding our economic future and where it's headed. Major concerns about declining beef demand and worry about a looming recession. Boy, you know, not an economist. I am a guy that's out trying to hustle and work and keep our operation going. But certainly we would hope that possible recession will affect high priced ticket items more than staples. And one thing that we've seen is when we talk about staples, beef, it is a staple and it is something that folks truly care about and truly enjoy. And we're very proud of that. On that subject, in one of your writings, you said we're witnessing another potential black swan chain of events. What does that mean? When we talked about when the economy has started to rebound a little bit, but we've had some issues with labor and transportation of products to shelves for consumers to purchase. We have seen this unprecedented war in Ukraine that's affecting grain prices. We've looked at the soaring prices of fossil fuels and agriculture. These are fossil fuels. And those things kind of combine to certainly have increased our cost of energy. And I look at that similar to we call these black swan events or these kind of unprecedented events that certainly put pressure on the challenges that producers already have. Turning a profit. Is there any part of agriculture which isn't a challenge?
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