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Will Shrinking Consumer Disposable Income Threaten Pork Demand?
2014-02-17 20:24:00| National Hog Farmer
By Steve Meyer, Paragon Economics, Inc., Adel, IA A look at how decreasing personal disposable income could affect the pork industry. Several years ago I put together the model depicted in Figure 1 to illustrate how The Great Recession was impacting the meat and poultry business. A recession has been defined in a number of ways, of course, but the most commonly cited one is two successive quarters of lower gross domestic product (GDP). Thank goodness we are no longer in a recession but revisiting the graphic put the question of just where we do stand in terms of the business cycle to top of mind. Thus, you are reading about it this week. read more
Tags: income
consumer
demand
pork
Category:Agriculture and Forestry