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Shining Light on Farm & Food Policy for 20 Years.
Thursday, December 19, 2024
Russia’s threat to pull out of the Black Sea Grain Initiative continues to threaten global supplies of wheat and corn, but China would be one of the biggest losers would be China if that happens.
U.S. trade policy should not be focused on using American might for deals to increase exports, but rather trading access to U.S. markets in return for influence on foreign countries, according to U.S. Trade Representative Katherine Tai.
House Democrats accused Republicans of breaking the debt ceiling agreement by advancing a fiscal 2024 spending bill for USDA and FDA that would cut funding to near FY22 levels while also relying on funding rescissions that have little chance of being enacted.
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.
