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Shining Light on Farm & Food Policy for 20 Years.
Wednesday, December 18, 2024
UN World Food Programme Executive Director David Beasley talks to Agri-Pulse about how he won over skeptical lawmakers and worked with the Trump and Biden administrations to build the world's largest food aid effort and address a series of crises.
As farmers finish harvest and start sending crops to market, a shortage of diesel is keeping the fuel at historically high levels even as gas prices are easing.
Even as the Federal Reserve struggles to get inflation under control, the agriculture and energy sectors “have gained unexpected levels of pricing power” due to lingering global supply challenges, according to a quarterly report from CoBank.
FAO's gauge of global food prices fell for the fifth consecutive month in August, led by continued softening in wheat markets, but remained 7.9% above its level a year ago.
The Agriculture Department is significantly increasing its farm earnings forecast for 2022, estimating that net cash farm income will reach its highest level in a decade due to the booming prices for crops and animal products.
The executive director of the World Food Program says the global food crisis stands to get even worse in 2023 because of possible reductions in farm production due to shortages of affordable fertilizer.
Farm input costs are likely to remain at elevated levels well after commodity prices come off their historic highs, and farm bill programs could provide only limited help, economists warned lawmakers Thursday.
A measure of global food commodity prices fell slightly for the second month in a row in May, despite the continued surge in wheat markets as the war in Ukraine dragged on.
The Agriculture Department plans to loosen up existing Conservation Reserve Program rules by allowing participants to request termination of their CRP contract if they are in their final year of the agreement.