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Shining Light on Farm & Food Policy for 20 Years.
Tuesday, July 16, 2024
The USDA announced Monday that China purchased more than 1 million metric tons of U.S. corn, adding to the buying spree from tight U.S. stocks as the Russian invasion continues to hobble Ukrainian exports.
The Agriculture Department is promising to deliver $700 million to delayed pandemic aid to biofuel producers by this summer, and the money will be especially welcome should soaring gas prices dampen ethanol demand.
Mexico would allow the import of all U.S. table and chipping potatoes by no later than May 15 under a plan announced by Agriculture Secretary Tom Vilsack.
The USDA reported Monday sales of more than 1 million metric tons of U.S. corn to Chinese buyers. The sale comes on the heels of a USDA report showing a smaller-than-expected U.S. corn crop this year as well as amid the war in Ukraine that has all but cut off Ukrainian exports.
Senate Democrats are seeking quick confirmation of Ketanji Brown Jackson to the Supreme Court this week, while U.S. agriculture and other export-minded sectors are watching what the House does with the Senate-passed Ocean Shipping Reform Act, which is intended to ease port bottlenecks.
U.S. farmers facing soaring prices for fertilizer and other inputs plan to reduce corn plantings by 3.9 million acres this year and seed a record 91 million acres of soybeans, according to USDA’s annual planting intentions survey.
President Joe Biden’s proposed budget for fiscal 2023 that would boost Agriculture Department spending by 9%, including significant increases for agricultural research and conservation technical assistance and a new round of funding for rural broadband expansion.
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.
Elaine Trevino has withdrawn from the nomination process to be the next chief agricultural trade negotiator at the Office of the U.S. Trade Representative, sending the USTR back to square one in its efforts to represent America’s farmers on the international stage.