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Shining Light on Farm & Food Policy for 20 Years.
Saturday, January 18, 2025
The Biden administration is pouring $2.8 billion, far more than originally planned, into a series of pilot projects aimed at developing markets for climate-smart commodities in every state and across a wide range of commodities and farm types. Another $700 million for smaller projects will be awarded later.
The USDA Tuesday raised its forecast for ag exports in fiscal year 2022 to $196 billion, but the department also predicted the value of overseas shipments will fall in FY 2023.
U.S. meat and dairy exporters have a lot to gain if Taiwan were to remove barriers to their products. That’s why groups representing both sectors are lauding a U.S. announcement that the two countries have reached an agreement on a broad set of goals for a trade pact that they’re planning to begin negotiations on this fall.
Grocery prices jumped another 1.3% in July, led by continued increases for dairy products, baked goods and other items, and are up 13.1% over the past year, the largest increase in supermarket costs in more than 43 years.
The Justice Department and multiple state attorneys general are engaged in an ongoing investigation into potential price fixing by the nation’s four largest beef processors, according to previously unreleased documents acquired by Agri-Pulse.
U.S. supermarket prices jumped 1% in June, led by continued increases in the cost of dairy and bakery products as well as fats and oils, helping fuel another 1.3% surge in the country's overall cost of living.
Major food distributor SYSCO is the latest company to sue the nation's four dominant beef companies, alleging they conspired to limit supplies and fix the prices of beef sold to the company.
Inflation across every sector of the food industry has left companies with the choice: to raise prices or hold steady and shrink the volume of food offered, a process called shrinkflation.