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Senator Chris Coons on How to Fix Our Response to Avian Flu | Odd Lots
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September 14, 2023
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33:46Now PlayingLast year, consumers around the country experienced an explosion in the price of eggs, in part due to an outbreak of avian flu. Since then, egg prices have come back down to more normal levels. But what did we learn from that outbreak? What could we do better? And how can we mitigate further the economic impact of such waves? On this episode, we speak with Delaware Senator Chris Coons, the co-sponsor of proposed legislation to change how the USDA compensates farmers when the next outbreak comes. We discuss why this is an important topic for the poultry farming community, how insurance works right now, and lessons from the last outbreak.
Intro -- 0:00
How the US currently handles avian flu outbreaks — 3:31
What does the Senate Chicken Caucus do? — 5:01
What the last avian flu outbreak did to farmers in Delaware — 8:01
Changing how farmers are compensated — 9:16
The business model of US chicken farmers — 11:07
Should the US adopt chicken vaccines? — 15:16
Why does the USDA compensate farmers for losses at all? — 22:05
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Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Monday and Thursday for interviews with the most interesting minds in finance, economics and markets.
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