Understanding the Economic Research Service [USDA]: A Comprehensive Overview
Definition & Meaning
The Economic Research Service (ERS) is a federal agency within the U.S. Department of Agriculture (USDA). It serves as the primary source for economic information and research related to agriculture in the United States. The agency is based in Washington D.C. and employs a team of skilled economists and social scientists who conduct various research initiatives.
ERS focuses on analyzing food and commodity markets, producing policy studies, and developing economic and statistical indicators. Its research programs are designed to meet the informational needs of the USDA, public policy officials, and the broader research community. The information provided by ERS is also utilized by the media, trade associations, public interest groups, and the general public, aiding in decision-making related to economic and policy issues in food, farming, natural resources, and rural development.