THE TTALK QUOTES


On Global Trade & Investment
Published Three Times a Week (with occasional bonus quotes) by
The Global Business Dialogue, Inc.
Washington, DC  Tel: 202-559-9316
No.25 of 2020
FRIDAY, APRIL 10, 2020

Click HERE for Monday's quote from Hong Kong on
Taiwan and the WHO
THE PRICE OF EGGS

"We no longer accept cash, we just accept toilet paper for our eggs."

Sheri Hurley
April 2, 2020 (Publication date)
CONTEXT
Americans eat a lot of eggs. By our very rough calculation, we are consuming 300 eggs a year each, though some of them in the form of processed foods rather than shelled eggs from the grocery story. According to the United Egg Producers, U.S. farmers – okay, their chickens – produced some 99.1 billion eggs last year. About 2.8 percent of those were exported, leaving some 96.4 billion for domestic consumption. That works out to just under 300 eggs a year per person for all 327 million of us. They are delicious. They are versatile – fried, scrambled, poached, omelettes, not to mention cakes, quiche, and custard. And, refrigerated, you can store them for weeks at a time. So, perhaps we shouldn’t be surprised if, like the shopper above, we occasionally find the egg supply rather limited when we make our allowed pilgrimages to the grocery store

But, for some anyway, grocery stores aren’t the only place you can buy eggs. Today’s quote is from a recent feature story in the Napa Valley Register in California that highlights egg sales at local farms. These are farms that used to sell their eggs to restaurants, wineries, and grocery stores. Because of the coronavirus, much of that business has dried up. Even so their eggs are selling like hotcakes to individual consumers who drive out to the farms to buy them. 

Sheri Hurley of Hurley Farms was joking about only selling her eggs for toilet paper. She does take cash, $6 a dozen according to the article in the Register. That’s a bit more than your editor paid the other day at a local grocery store, but then hers, Ms. Hurley’s, are farm fresh eggs.

***
There is a sense in which the real first line of today’s entry is not from the Napa Valley Register but from a report on the website of the American Farm Bureau Federation. U.S. agriculture has been hit hard by the coronavirus, especially the closing of so many restaurants, schools, and colleges. That report began:

From dairy farmers with nowhere to send their milk and cattle ranchers reeling from plummeting beef prices, the impact of the coronavirus is rippling through farm country.

It also contained this sentence, which particularly caught our attention:

The sometimes-empty supermarket milk coolers reflect supply chain adaptation challenges, not lack of supply.

We suspect that analysis – the emphasis on “supply chain adaptation” – is as true of eggs as it is of other agricultural commodities, but these are all issues to be revisited in future entries.

COMMENT
We are in the third day of Passover and two days away from Easter. So,

Happy Passover!

and

Happy Easter!

And eggs, it turns out are central to both Passover and Easter. Their importance to the Jewish holiday is underlined by this headline from The Times of Israel: “Millions of Eggs land in Israel to ease the Passover scramble.” Some of them, we learn, flew in on business-class seats. 

As for Easter, the cross is the sad symbol of Good Friday, but the egg is the symbol of Easter (and spring, and life).  From the first Fabergé egg ordered by Tsar Alexander III of Russia, to the ones we used to hard-boil and color, and last-but-not-least to the chocolate ones nestled in the green-paper grass of Easter baskets, eggs are central to Easter. This year is no different. Yes, it has its special challenges. There won’t be many church services this Sunday and the White House Easter Egg Roll has been cancelled. But there are other avenues.

Our colleague, Joanne Thornton , for example, explained that in her neighborhood in Arlington, Virginia, “The kids won’t be able to gather for their annual Easter egg hunt in the park. So residents are putting colored eggs in their windows for kids to discover as they walk around the neighborhood with their parents.” Below, her husband, Professor Richard Thornton, fashions an egg for their window.
Professor Thornton Prepares for Easter
Photo by Joanne Thornton

SOURCES & LINKS
For Farm Fresh Eggs takes you to the story from The Napa Valley Register about two Napa Valley farms selling these precious commodities. This was the source for today’s feature quote.

Counting Eggs i s a link to a fact sheet on eggs from the United Egg Producers.
 
Eggs to Israel is The Times of Israel story mentioned above.

Coronavirus and Farm Country is a Farm Bureau article on the economic damage from COVID-19 that has swept through American agriculture.

Fabergé Eggs is the Wikipedia entry on these decorative (and expensive) eggs that are so strongly associated with Russia’s last two tsars.

The Hurley Farm is the website for this Napa Valley family business.













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