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Economics

Farmdoc webinars help ag producers navigate the coronavirus crisis

URBANA, Ill. ­– “Excellent information and speakers for people to listen to and ask questions for serious concerns on this new ‘invisible enemy.’ Blessings to all,” one viewer said. That’s a typical statement about the farmdocDaily Coronavirus and Ag webinar series, available twice a week at no cost to anyone who signs up.

When the COVID-19 crisis began to send ripple effects through the ag community, the farmdocDaily team reacted quickly.

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Public policies that target crime reduction around parks can directly benefit communities

URBANA, Ill. – Public parks can be valuable assets for communities, but crime in the area can “lock up” that amenity value. Crime directly affects the use that people get from their local parks. If crime is reduced, the environmental value can be unlocked, a new University of Illinois study shows.

“Our research is the first to rigorously quantify this effect, which turns out to account for nearly half of the total value of parks in major U.S. cities,” says Peter Christensen, environmental economist at U of I, and one of the study’s authors.

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Soybean Innovation Lab provides knowledge that assists soybean production in Africa

URBANA, Ill. ­– Soybean production in Africa and other developing regions has the potential to alleviate hunger and boost local economies. But the transition from traditional crops such as cowpea or cassava to a major commercial crop such as soybean is fraught with challenges.

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farmdocDAILY launches webinar series to explore COVID-19 impact on Midwestern agriculture

URBANA, Ill. – University of Illinois agricultural economists will host a webinar series discussing the impact of the coronavirus on agriculture in the Midwest. The webinar series will kick off on Friday, March 20, at 11 a.m. CDT.

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Paper: Disposal of wastewater from hydraulic fracturing poses dangers to drivers

Champaign, Ill. – Environmental concerns about hydraulic fracturing – aka “fracking,” the process by which oil and gas are extracted from rock by injecting high-pressure mixtures of water and chemicals – are well documented, but according to a paper co-written by a University of Illinois environmental economics expert, the technique also poses a serious safety risk to local traffic.

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Chinese tariff rate quota policy severely impacted U.S. wheat exports, study shows

URBANA, Ill. – The U.S. and China recently agreed to a phase one trade deal that aims to resolve the current trade war between the two countries. But that is just the latest development in longstanding and complicated U.S.-Chinese trade disputes.

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Grant project aims to improve food security and health for remote indigenous populations in Australia

URBANA, Ill. – An international research team has received a $1.4 million grant from the Australian National Health and Medical Research Council to investigate food availability and food security among indigenous mothers and children in remote Australian communities.

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ACES Distinguished International Lecture: Ambassador Mustard speaks on trade policy within historical context

The College of Agricultural, Consumer and Environmental Sciences (ACES) welcomed back alumnus Allan P. Mustard, a retired ambassador and accomplished Foreign Agricultural Service (FAS) professional, to present the annual ACES Distinguished International Lecture.

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2019 Illinois Farm Economics Summit dates scheduled for December

URBANA, Ill. – Speakers from University of Illinois Extension and the farmdoc team from the U of I Department of Agricultural and Consumer Economics will explore topics such as the 2020 outlook for crop and livestock prices, the next farm bill, farm profitability and management topics, and the impacts of trade and policy issues at the 2019 Illinois Farm Economics Summit in December.

The ongoing trade war with China, combined with one of the wettest spring planting seasons on record, made 2019 a challenging year for Illinois agriculture.

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