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Market Statistics: Compiling Relevant Numbers

Market Statistics: Compiling Relevant Numbers. Travis Bunn ANR Extension Agent, Animal Science Patrick/Carroll Counties. Statistics. Where are they? Newspaper Articles University Publications News Grant Applications The list goes on, and on, and on…. Statistics.

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Market Statistics: Compiling Relevant Numbers

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  1. Market Statistics:Compiling Relevant Numbers Travis Bunn ANR Extension Agent, Animal Science Patrick/Carroll Counties

  2. Statistics • Where are they? Newspaper Articles University Publications News Grant Applications The list goes on, and on, and on…

  3. Statistics • Where do they come from? Market Research Census Data Tax Returns Public Records ……

  4. Agriculture Statistics • Where to find them… • USDA National Agriculture Statistics Service • USDA Census of Agriculture • USDA Agriculture Marketing Service • USDA Economic Research Service • US Census Bureau

  5. How Do We Use Them? EXAMPLE: Are farms in Patrick County growing or declining in size?

  6. How Do We Use Them? EXAMPLE: Is the Average American family paying MORE or LESS for food in 2011. Average family in 2011, with 2 kids ages 3 and 5 on Liberal Food plan. (Name brand products, high end foods)

  7. August 2011 • Average Family pays: $1044.70/mo.

  8. How Do We Use Them? EXAMPLE: Is the Average American family paying MORE or LESS for food in 2011. Average family in 2010 on Liberal Food plan. (Name brand products, high end foods)

  9. August 2010 • Average Family pays: $980.30/mo.

  10. How do we use them? Average family pays nearly 7% more for food in 2011. What about Median Income? Unemployment? How many families went to a moderate or low-cost meal plan due to financial circumstances?

  11. Statistics • Reported Accurately? • Margin of error

  12. Questions?

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