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Shining Light on Farm & Food Policy for 20 Years.
Sunday, December 22, 2024
U.S. corn and soybean ending stocks are getting tighter as the Department of Agriculture increased exports in Tuesday’s World Agricultural Supply and Demand Estimates report.
The U.S. exported $26.4 billion worth of agricultural goods to China in calendar year 2020, setting a new record, according to the latest USDA trade numbers that came out Friday.
Farm earnings are broadly expected to ease this year, although USDA's latest farm income forecast projects skyrocketing prices for key commodities will help offset a steep drop in government payments and increases in production costs.
President Joe Biden is looking to get more members of his Cabinet in place this week, even as the top priority on his agenda, a COVID-19 relief package, is getting a rocky reception from Senate Republicans.
Farmers are getting new options to cover differences in farming practices and crops, and many growers will be able for the first time this year to buy an endorsement to cover a portion of their deductibles.
Cuba could be buying a lot more poultry, corn, dairy and other ag commodities produced in the U.S., but first the U.S. needs to reverse course and begin strengthening ties with the island nation. That is the message from some of the largest American farm groups to the incoming Biden administration.
U.S. soybean export sales are unusually strong in January for both the current 2020-21 marketing year and the upcoming 2021-22 marketing year, boosted by China’s efforts to both feed its growing swine herd and replenish stocks.