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Shining Light on Farm & Food Policy for 20 Years.
Sunday, October 20, 2024
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.
New forecasts for strong production, uncertain demand, high stocks, weaker prices and higher feed costs paint an “unsettled” outlook for the U.S. dairy sector in 2021, according to a new USDA report.
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.
USDA’s 97th annual Ag Outlook Forum kicks off this morning, and for the first time the meeting will be held online. USDA’s new chief economist, Seth Meyer will provide the department’s annual forecast for crop and livestock production this year.
There are new signs of division on the Senate Agriculture Committee when it comes to climate change. The committee’s top Republican, John Boozman, told members of the National Cotton Council Thursday that funding to address climate change could come out of existing farm bill programs.
The new chairman of the House Agriculture Committee, Georgia Rep. David Scott, passed his first test as Democrats stuck together Wednesday night to advance their piece of a sweeping $1.9 trillion stimulus package.
There were high hopes after the phase one agreement was implemented last February that China would finally overhaul its opaque and sluggish approval process for new agricultural biotech traits, but that optimism has mostly turned to disappointment a year later.
Exports of U.S. beef and pork both experienced a strong finish to the calendar year in December, besting 2019 figures and offering insights into consumer trends around the world and what is yet to come in the new year.
The U.S. exported $26.4 billion worth of agricultural goods to China in calendar year 2020, setting a new record, according to the latest USDA trade numbers that came out Friday.