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Balanced Reporting. Trusted Insights.
Monday, April 14, 2025
USDA Chief Economist Seth Meyer says a drive to diversify revenue streams through the growth of climate-smart commodities has potential but also needs to be better understood from an economic standpoint.
U.S. farmers are going to be producing and exporting a lot more grain and oilseeds for their respective 2023-24 marketing years, according to new forecasts released Thursday at USDA’s annual Agricultural Outlook Forum.
Drought has spread into regions this fall essential to the Biden administration’s plans to boost wheat production through double cropping, but many farmers who follow the practice in their normal rotations haven’t strayed from their plans to sow winter wheat this fall.
Ukraine’s farmers are preparing to begin this year’s problematic summer harvest on the 75% of fields not under Russian occupation, but producers, analysts and political leaders are preoccupied with the broader question of where the grain will be stored as efforts falter to reopen exports through Black Sea ports.
The 2019 version of the Trump administration’s Market Facilitation Program overestimated trade damages and was marked by regional payment disparities among farmers growing the same crops, according to an investigation by the Government Accountability Office.
Domestic meat consumption rose again in 2020 despite the COVID-19 pandemic and widespread disruptions to restaurants and food service, and the industry is watching to see if stimulus checks and the ongoing economic recovery can boost sales again this year.
The Senate Finance Committee will hold a hearing Thursday to consider the nomination of Katherine Tai to be President Joe Biden’s U.S. Trade Representative and point person on the future of trade relations with China.
Former Sen. Bob Dole, who is 97, starts treatment on Monday for stage four lung cancer. “While I certainly have some hurdles ahead. I also know that I join millions of Americans who face significant health challenges of their own,” Dole said in a statement he posted Thursday.
The Department of Agriculture expects U.S. farm exports to hit a record $157 billion for fiscal 2021, an increase of $21 billion over the year before, as the global economy recovers and China increases its already strong demand for U.S. corn, soybeans and meat.
