Consumer Demands
Barb O’Brien took to the stage during the dairy joint annual meetings to share a crystal clear message. Transform investments into momentum by building trust, growing demand and ensuring the future of U.S. dairy.
As we brace for the unknown, competition may force innovation and adaptation, ultimately resulting in long-term resilience and growth.
Whether it’s pork, beef or chicken, consumers can’t seem to eat enough protein. That’s fueling robust demand and prices for livestock producers.
Products making environmental, social and governance-related claims averaged 28% cumulative growth between 2018 to 2022, versus 20% for products that didn’t, according to McKinsey & Company.
CoBank has released their 2024 outlook report, which takes a look at the key themes the organization expects to shape agricultural and the rural economy in the coming year.
The levels of consumer spending on food at home compared with spending on food away from home have implications for dairy markets because people consume more dairy products when dining out or ordering takeout.
For 2024, USDA projects that food price inflation will be lower than that seen in 2023 and significantly lower than the rise seen in 2022.
The food system is being reimagined today and farmers can benefit by thinking about how to improve their ability to take advantage of opportunities in the process, says Rob Dongoski with Ernst and Young.
In 2006, dairy producer Ken Smith and family purchased an old truck stop property near their family dairy farm and began an ice cream business. Moo Thru has grown in more ways than one.
As real estate prices skyrocket and labor becomes harder to find, the blueprints for future grocery stores may soon start to downsize.
The consumer no longer can absorb higher costs. Tanner Ehmke with CoBank says that lighter foot traffic is seen in some grocery stores, while discount retailers have seen a significant increase in foot traffic.
Partnerships between the dairy checkoff and retail brands help strengthen demand for dairy products.
Let’s be part of the solution, not ignore the problem.
Vice President Kamala Harris recently floated this policy to crack down on price gouging, but looking back on a similar plan from the Nixon administration shows not everything needs a second chance.