Economics

URBANA, Ill. – Agricultural producers deal firsthand with changing weather conditions, and extreme events such as drought or flooding can impact their productivity and profit. Climate change models project such events will occur more often in the future. But studies of the economic consequences of weather and climate on agriculture typically focus on local impacts only.

URBANA, Ill. ­– If your day started with a cup of coffee, there’s a good chance your morning brew came from Colombia. Home to some of the finest Arabica beans, the country is the world’s third largest coffee producer. Climate change poses new challenges to coffee production in Colombia, as it does to agricultural production anywhere in the world, but a new University of Illinois study shows effects vary widely depending on where the coffee beans grow.

URBANA, Ill. – The Obama administration introduced the Clean Power Plan (CPP) in 2015 to significantly reduce carbon emissions from the U.S. electricity sector. However, the Trump administration repealed the CPP in 2016, claiming the costs to energy production outweighed the environmental benefits.

A new University of Illinois study examines the economic consequences of repealing the CPP and provides suggestions for future strategies to reduce environmental damages from global warming.

URBANA, Ill. ­– For a decade, agricultural professionals in Illinois and beyond have had a trusted online source for daily analysis and information. farmdocDAILY, part of the University of Illinois farmdoc project, is celebrating its 10-year anniversary on March 17.

And to mark this occasion, the farmdoc team will be releasing its list of the all-time top 20 articles.

URBANA, Ill. ­– Economists and urban planners generally agree that local pollution sources disproportionally impact racial minorities in the U.S. The reasons for this are largely unclear, but a University of Illinois study provides new insights into the issue. 

URBANA, Ill. ­– In today’s global economy, production of goods depends on inputs from many trade partners around the world. Companies and governments need a deeper understanding of the global value chain to reduce costs, maintain a profitable production system, and anticipate ripple effects of disruptions in the supply chain.

URBANA, Ill. – Financial planning students get to hone their skills and gain valuable experience in real-life simulations through industry competitions.

A team of three University of Illinois students placed in the top eight of the national Financial Planning Association Challenge this fall. Paulina Cylwik, Maureen McCullough, and Ethan Krumwiede, seniors in agriculture and consumer economics with concentrations in financial planning, represented the university and the College of Agricultural, Consumer and Environmental Sciences (ACES) in the competition.

URBANA, Ill.  – Smallholder farmers in Sub-Saharan Africa use fertilizer well below recommended rates, contributing to consistently low agricultural productivity. Farmers in Tanzania and Kenya, for example, apply just 13 kilograms of fertilizer per hectare, compared with 165 to 175 kilograms in India and Brazil. Low use directly affects cereal yields, which average 1.2 to 1.7 metric tons per hectare, compared to 4 to 4.5 metric tons in South America and Asia.

URBANA, Ill. – An aging U.S. population is rapidly increasing the demand for nursing care. The number of U.S. citizens aged 65 and over is expected to almost double from 43.1 million in 2012 to 87.5 million by 2050, while the workforce is shrinking. The COVID-19 pandemic has further exacerbated the need for health care professionals.

URBANA, Ill. – Spirituality isn’t usually considered a factor in conservation efforts. But indigenous peoples who worship wildlife may be helping protect endangered species from extinction.

The Soligas tribe in the Western Ghats of India reveres the Bengal tiger. Their coexistence in India’s Biligiri Rangaswamy Temple Tiger Reserve has helped the tiger population flourish, says Shadi Atallah, a natural resource economist in the Department of Agricultural and Consumer Economics at University of Illinois.