Articles Tagged with ''War in Ukraine''

The Biden administration wants to make more farmers eligible for insurance when they grow wheat and soybeans in the same crop year, but some industry experts doubt the plan will do as much as the White House hopes in scaling up wheat production.

The Agriculture Department estimates U.S. winter wheat production will drop 8% this year due to a drought gripping the Plains and that planting delays are likely to cut the corn harvest.

FAO's measure of global food commodity prices fell slightly in April, driven by an easing of corn and vegetable oil prices, after jumping 13% the month before following the Russian invasion of Ukraine.

Farmer sentiment improved in April with commodity prices spiking amid Russia’s war in Ukraine, but producers increasingly worry about the steep increases in input costs, a monthly survey shows.

President Joe Biden's $33 billion supplemental funding request for the war in Ukraine includes $500 million to encourage U.S. farmers to increase production of crops such as soybeans and wheat.

The Biden administration will spend $282 million on domestic commodities such as wheat as part of a food aid package for Yemen and five African nations experiencing severe drought and food insecurity, USDA and the U.S. Agency for International Development said Wednesday.

Soaring prices for grains and other food commodities are starting to slow down global economic growth, fueling fresh calls for aid to poor countries and warnings about the impact that new trade restrictions could have on the crisis.

Citing the crisis in Ukraine, the American Farm Bureau Federation and several food and feed processing groups appealed to the Biden administration to let farmers plant crops on prime farmland that’s idled under the Conservation Reserve Program.

Russia’s invasion of Ukraine could raise grain prices as much as 20% while boosting fertilizer prices another 13% and further inflating food costs, the UN Food and Agriculture Organization warns.