Economics

URBANA, Ill. – Food banks help alleviate food insecurity, and their contribution has become increasingly important during the COVID-19 pandemic. Food banks receive supplies from many sources, including major food retailers, but little is known about their role in the food supply chain.

A team of researchers received a $500,000 grant from the USDA National Institute of Food and Agriculture (NIFA) to study the relationship among food retailers, food banks, and food security.

URBANA, Ill. ­– Traffic accidents are the leading cause of non-natural deaths worldwide. Lower speed limits may help prevent accidents. But speed-reduction policies can be controversial and effects are not well documented.

A new study from University of Illinois shows that speed reductions in São Paulo, Brazil, dramatically reduced fatal accidents and increased travel times only minimally.

URBANA, Ill. ­– The number of people in the U.S. who are food insecure will likely skyrocket over the next year, due to the COVID-19 pandemic. Soaring unemployment and poverty rates may lead to record numbers of food insecure households, according to new projections from Feeding America.

Almost 55 million Americans could lack access to adequate food, says Craig Gundersen, ACES distinguished professor of agricultural and consumer economics at the University of Illinois.

URBANA, Ill. ­– Climate change creates extreme weather patterns that are especially challenging for people in developing countries and can severely impact agricultural yield and food security. International aid organizations have invested billions of dollars in promoting climate-smart agriculture (CSA) practices, but the effects of those programs are rarely documented.

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.

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.

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.

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.

URBANA, Ill. ­– The Academy for Home Equity in Financial Planning has a new home at the University of Illinois in the College of Agricultural, Consumer and Environmental Sciences (ACES). The academy is a hub for research, teaching and information about the role of home equity in retirement planning.

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.