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Shining Light on Farm & Food Policy for 20 Years.
Saturday, October 19, 2024
Two tax breaks that are widely used in agriculture are at stake as Republicans and Democrats renew what is likely to be a multi-year battle over tax policy.
House Republicans proposed a tax package Friday that would impose a new excise tax of up to 60% on purchases of U.S. farmland by China and other “countries of concern."
Much larger corn crops in Argentina and the U.S. will be driving down global prices and spurring international trade in the 2023-24 marketing year, USDA said Friday.
History is repeating itself in the legal battle over the “waters of the U.S.” rule. Just as in 2015, when courts issued repeated rulings blocking implementation of the Obama administration’s rule, courts have again acceded to requests from states and industry groups to enjoin the Biden administration’s rule.
The U.S. Meat Export Federation estimates pork volume exports rose in February by 11% to 219,729 metric tons, while value increased by 10%, compared to a year ago.
The USDA slashed its forecast for Argentina’s corn and soybean production in response to widespread drought and raised its prediction for Chinese wheat imports in its April World Agricultural Supply and Demands Estimate.
A new report spotlights the lack of transparency in the agricultural chemical marketplace, which was exacerbated by recent disruptions from manufacturing shutdowns, logistics constraints and global trade disruptions.