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Shining Light on Farm & Food Policy for 20 Years.
Thursday, January 02, 2025
Texas farmers will receive about 10% of the $9.7 billion in market relief payments that Congress authorized in its year-end funding bill, according to a University of Missouri analysis. Iowa, Illinois and Kansas will collectively receive another 25% of the total.
The second part of a three-part series on the impact of agricultural exports on the U.S. economy and the risks and promise for ag trade going forward: U.S. ag exports to China are falling year after year following a spike driven by the Phase One agreement. Brazil, meanwhile, is ramping up its trading relationship with China.
Dry weather has helped speed Midwestern and Southern farmers through most of this fall’s corn and soybean harvest while also limiting the amount of grain they could send down the Mississippi River. As many park their combines for the year, they are hoping rain storms can replenish soils parched and waterways shrunk by months of drought.
A new trade war with China could result in deep cuts to U.S. corn and soybean exports, according to a study commissioned by trade groups representing the two commodities.
The majority of Dustin Edwards’ annual fertilizer use consists of anhydrous ammonia. Edwards, who farms 5,500 acres in eastern Kansas, believes the $640 per ton it costs now is about double what the market should be.
The California Air Resources Board’s proposed restrictions on biofuel feedstocks, including a limit on soybean oil usage and new sustainability certification requirements, will ultimately backfire on the state’s consumers, according to industry groups.
The U.S. agricultural trade deficit is projected to grow to $42.5 billion in the fiscal year that starts Oct. 1, while sales to China extend their slump, providing fresh fuel to ongoing election-season debates about the future of trade policy.
U.S. animal food exports saw a significant increase in 2023 from the previous year both in volume and value, according to the American Feed Industry Association’s annual report on the state of the sector.
