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Shining Light on Farm & Food Policy for 20 Years.
Tuesday, December 24, 2024
The prolonged drought in the upper Midwest is dragging down crop yields by more than the government or traders expected, although U.S. farmers should produce 4% more corn and 5% more soybeans this year than they did in 2020, according to the Agriculture Department's first survey-based estimates of the fall harvest.
Farmers are expected to plant more corn, soybeans, and wheat acres than last year, but official estimates from a USDA report released Wednesday came in below trade expectations, which sent futures prices soaring.
The Biden administration is finally putting some detail today on its 30-by-30 plan. The president’s call for conserving 30% of U.S. land by 2030 has been raising a lot of concern across the countryside that administration officials have been pushing back on for several weeks now.
High commodity prices are fueling farmers' optimism as planters get rolling this spring, but in some areas the lack of rain this spring is making producers nervous as they plant into the dusty ground.
USDA announced the availability of more than $330 million to help agricultural producers and others in the food supply chain recover from the financial impacts of the COVID-19 pandemic.
President Joe Biden pushed back against Republicans who are arguing his infrastructure bill has unrelated items in it. Projects related to clean water, schools and high-speed rail all qualify as infrastructure projects, he said.
The nation’s farmers are set to plant 178.7 million acres of corn and soybeans combined this growing season, well below analysts' estimates, according to a USDA report released Wednesday.
Agreements by the U.S., European Union and the UK to suspend all tariffs tied to airplane subsidies may open the door to renewed efforts by the U.S. to strike separate free trade agreements with the British and Europeans, according to Ag Secretary Tom Vilsack.
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.
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.
