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Shining Light on Farm & Food Policy for 20 Years.
Thursday, September 26, 2024
Corn production increases offset by harvested acre reductions provided a relatively neutral World Agricultural Supply and Demand Estimates report Friday giving grain traders a sense of relief.
Federal rules for disclosing biotech food ingredients officially start taking effect Wednesday, but manufacturers and retailers don’t have enough information yet from USDA on how to comply with the regulations, say industry officials.
China has agreed to make significant policy changes to tear down non-tariff barriers to U.S. farm commodities under the trade deal expected to be signed early next year, according to industry sources who were briefed on the pact and government officials with knowledge of the briefing.
There’s no immediate relief in sight for American farmers, as corn stocks remain large and increased demand for U.S. crops remains elusive, ag economist Dan Basse of AgResource told attendees of the American Seed Trade Association conference in Chicago Tuesday.
Net farm income is projected to rise more than 10% this year, but nearly one-third of producer earnings will come from a combination of crop insurance benefits and direct government payments, including the Trump administration's trade assistance.
Two upper Midwest senators are pushing the Federal Energy Regulatory Commission (FERC) to consider regulatory options to prioritize pipeline shipments of propane to northern states as farmers and manufacturers struggle to find propane.
President Donald Trump and White House officials insist that China will be buying $40 billion to 50 billion worth of U.S. agricultural products annually over the next couple of years, if the countries nail down a trade deal in the coming weeks, but the question is whether U.S. farmers, processors and exporters could meet that challenge.
President Donald Trump’s claim that China is willing to address “agricultural structural issues” in a trade deal has the U.S. ag sector excited that real change may be coming to the U.S-China trading relationship beyond just increased commodity sales.
Corn futures contracts ended the day sharply lower after Department of Agriculture officials raised 2019/2020 corn yield estimates while lowering soybean yield estimates in the World Agricultural Supply and Demand report Thursday.