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☆ These sisters became co-owners of the family farm at 22 and 24, joining the ranks of women as key decision-makers on farms
▼ + stars: | 2024-05-05 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +7 min

Rebekah Alstede Modery, left, and Sarah Alstede, sisters and co-owners of Alstede Farms in Chester, New Jersey. Courtesy: Alstede FarmsSisters Rebekah Alstede Modery and Sarah Alstede were raised on a New Jersey farm. In February, the sisters joined their father, Kurt Alstede, and their stepmother, Mary Thompson-Alstede, as co-owners of Alstede Farms. 'A huge undertaking' as a familyCo-owners of Alstede Farms from left to right: Mary Thompson-Alstede, Rebekah Alstede Modery, Kurt Alstede and Sarah Alstede. Rebekah Alstede Modery, left, and Sarah Alstede, sisters and co-owners of Alstede Farms in Chester, New Jersey.

Persons: Rebekah Alstede Modery, Sarah Alstede, Rebekah, Kurt Alstede, Mary Thompson, It's, Dominique Sims, NASS, Agriculture hasn't, Inwood, Lance Honig, Sarah, that's, Bernt Nelson, Rachel Schattman, Alstede Organizations: Delaware Valley University, CNBC, Centenary University, Alstede, National Agricultural Statistics Service, U.S . Department of Agriculture, The Ohio State University, Agriculture, Agricultural Resource Management, USDA Economic Research Service, American Farm Bureau Federation, University of Maine, Farmers Locations: Chester , New Jersey, New Jersey, Sarah, Agriculture, U.S

☆ Food prices hold steady, but Americans have a beef with the cost of a burger
▼ + stars: | 2024-03-12 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

For burger proprietors — including smaller, mom-and-pop shops — and burger lovers alike, the price environment may not get any easier. Nearly eight decades later, the Owl Burger remains a draw, but it’s become noticeably more expensive since Covid. “Maybe 45 cents each year,” Argabright told CNN in an interview, adding that the Owl Burger sits at $7.95 now. “When you’re ordering pounds and pounds and pounds of it, it adds up pretty quick.”Beth Steele, founder of Beth's Burger Bar, in Edgewood, Florida. Where’s the beef price headedLike most aspects of inflation, there are several contributing factors behind higher burger prices.

Persons: that’s, ”, Tyler Schipper, Thomas, “ We’re, Wendy’s, Fries, Burger, Frank Chavez, it’s, Janice Argabright, ” Argabright, Beth Steele, Steele, “, hasn’t, we’re, Schipper, “ Don’t, ” Schipper Organizations: CNN, University of St, Trinity, Beth’s, Beth's, American Farm Bureau Federation Locations: Minnesota, San Antonio , New Mexico, Orlando, Beth’s Burger, Beth's Burger, Edgewood , Florida, Texas

☆ Your Thanksgiving dinner still costs way more than it did before the pandemic
▼ + stars: | 2023-11-23 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

The price of a 10-person Thanksgiving dinner at home is $61.17 this year. AdvertisementInflation-weary Americans are finally getting some relief with the price of Thanksgiving dinner down 4.5% from last year, according to the American Farm Bureau Federation, or AFBF. The average cost of a Thanksgiving meal at home for 10 persons is $61.17 this year as compared to $64.05 last year. A 16-pound frozen whole turkey, which costs $27.35 on average, accounted for 45% of the price of Thanksgiving dinner this year. The fall in the price of a Thanksgiving dinner comes after a cooling in US inflation amid relentless interest-rate hikes by the Federal Reserve.

Persons: —, that's, Jim Reid, Reid Organizations: Service, American Farm Bureau Federation, Federal Reserve, Deutsche Bank, Business Locations: Puerto Rico

☆ Thanksgiving dinner will be less expensive this year. You can thank turkeys (and cooling inflation)
▼ + stars: | 2023-11-15 | by ( Vanessa Yurkevich | ) edition.cnn.com time to read: +3 min

While this year’s Thanksgiving dinner is more affordable compared to last year, it is still up 25% from 2019, underscoring price increases since the pandemic. But you can thank turkeys for the lower meal cost this Thanksgiving. “Traditionally, the turkey is the most expensive item on the Thanksgiving dinner table,” Veronica Nigh, senior economist at the AFBF, said in a statement. The Northeast has the most expensive meal price at $64.38 for the 12-item basket. The national average for the Thanksgiving meal was calculated by checking prices in all 50 states and Puerto Rico from November 1 to 6.

Persons: Wells Fargo, Michael Swanson, Veronica, Zippy Duvall Organizations: New, New York CNN, American Farm Bureau Federation, Bureau of Labor Statistics, US Department of Agriculture, CNN, USDA, Wells, Food Institute, cranberries Locations: New York, Turkey, Puerto Rico

☆ Turkeys are cheaper, but inflation is 'clearly impacting' Thanksgiving food costs, economist says. Here's how to save
▼ + stars: | 2023-11-15 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +5 min

The cost of turkey represents 45% of the classic Thanksgiving basket of food prices the bureau tracks. "Inflation is still clearly impacting food prices," Veronica Nigh, senior economist of AFBF, said in a press call. People are paying more at the grocery store. Consumers can expect to pay around 20% less for fresh cranberries compared to a year ago while canned cranberry sauce is up 7% from last year, Wells Fargo found. It "might actually be cheaper to go to a grocery store that you're not used to going to," Palmer said.

Persons: Veronica, AFBF, Kimberly Palmer, There's, Wells, Mark Hamrick, Maren Caruso, Palmer Organizations: American Farm Bureau, Finance, UBS, Bankrate, Stone Locations: U.S, Puerto Rico, . Ham, Wells Fargo

☆ Extreme heat is holding the economy back. Don't expect federal legislation to help any time soon.
▼ + stars: | 2023-08-04 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

There are no federal regulations protecting workers in extreme heat. Biden announced plans to protect workers last week with more enforcement of heat-safety violations. "I urge the administration to move quickly to create this national heat standard to protect workers on the job. Last year, business groups sued Oregon over extreme heat worker protection rules, arguing the state overstepped its statutory authority in requiring employers to pay workers during breaks. However, some experts believe that investments to protect workers, such as rearranging shifts or changing uniform colors, pay off since workers can be more productive in the longer run.

Persons: Biden, Marc Freedman, Algernon Austin, Joe Biden, Bernie Sanders, haven't, Austin Organizations: Service, United States Chamber of Commerce, New York Times, OSHA, Center for Economic, Policy Research, Research, Labor Department, National Oceanic, Atmospheric Administration, Department of, Democratic, Occupational Safety, Health Administration, Safety, UPS, Asuncion Valdivia Heat, American Farm Bureau Federation, National Demolition Association Locations: Wall, Silicon, California , Colorado, Washington, America, Oregon, Texas, California , Michigan, Georgia, Asuncion Valdivia

☆ Your Fourth of July Cookout will cost you less this year, according to American Farm Bureau
▼ + stars: | 2023-06-27 | by ( Vanessa Yurkevich | ) edition.cnn.com time to read: +2 min

Families can expect to pay $67.73 for a party of 10, down 3% from last year’s record high, according to a survey from the American Farm Bureau Federation. Families are still feeling the pinch of high inflation along with other factors keeping prices high,” said Roger Cryan, chief economist at the American Farm Bureau Federation. This year’s cookout cost is the second highest on record, following last year’s record setting number — $69.68 for a party of 10. The American Farm Bureau Federation (AFBF), has been conducting the survey since 2013. Potato prices also rose because of poor growing weather, the Farm Bureau said.

Persons: —, ”, Roger Cryan, quarts, Don’t Organizations: CNN, American Farm Bureau Federation, Farm Bureau, Farmers Locations: Puerto Rico

☆ Deere gives farmers long-sought ability to repair their own tractors
▼ + stars: | 2023-01-09 | by ( Brian Fung | ) edition.cnn.com time to read: +5 min

The memorandum of understanding with the American Farm Bureau Federation (AFBF) gives farmers access to the same Deere documentation, data and diagnostic tools used by the company’s authorized repair shops. In exchange, AFBF officials agreed not to push for state or federal legislation promoting users’ right to repair products they’ve leased or purchased. Farmers have said having to wait days or weeks for an official repair can undermine planting and harvesting schedules. Since 2000, US lawmakers have introduced more than a dozen bills dealing with the right to repair, focusing on automobiles, farm equipment and repairs of medical devices during the Covid-19 pandemic. With Sunday’s MOU, however, the tension between farmers and Deere has been resolved without the need for regulation or legislation, the agreement said.

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