Agriculture Sector Facing Challenges of Falling Meat Consumption and Adapting to Climate Change
ResearchAndMarkets.com published a new article on the agriculture industry “Agriculture Sector Facing Challenges of Falling Meat Consumption and Adapting to Climate Change”
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One challenge facing the agriculture sector is falling global meat consumption as a result of restaurant closures and COVID-19 outbreaks at meat processing plants.
US per capita meat consumption could continue to drop until 2025 according to the University of Missouri’s Food & Agriculture Policy Research Institute (FAPRI).
“FAPRI estimates that federal farm payments will fall from $32 billion in 2020 to $16 billion in 2021 and that without a strong economic recovery, farm income could decrease by more than $10 billion”
Some analysts have also suggested that meat consumption will decline in key US export markets which could result in a sharp decline in meat prices. Farmers are also faced with the challenge of adapting to climate change and investing in climate friendly practices.
Many US farmers relied on government stimulus programs in 2020. FAPRI estimates that federal farm payments will fall from $32 billion in 2020 to $16 billion in 2021 and that without a strong economic recovery, farm income could decrease by more than $10 billion. Many farmer organizations have argued that stimulus programs are insufficient and unsustainable in the long term. These organizations instead advocate for solutions like revenue based payments, increased loan forbearance and effective climate change mitigation strategies.
The article on ResearchAndMarkets.com contains a selection of reports on agriculture such as:
- U.S. Smart Agriculture Market by Component and Type: U.S. Opportunity Analysis and Industry Forecast, 2020-2027
- Precision Farming/Agriculture Market Analysis, By Component By Technology, By Application By Region Forecasts To 2027
- Global Precision Livestock Farming Market 2020-2024
To see the full article and a list of related reports on the market, visit“Agriculture Sector Facing Challenges of Falling Meat Consumption and Adapting to Climate Change”
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