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Shining Light on Farm & Food Policy for 20 Years.
Sunday, October 20, 2024
Agricultural exporters are dealing with increased freight costs and trade disruptions amid ongoing conflicts in the Red Sea, industry leaders told the Federal Maritime Commission during a hearing Wednesday.
House Ways and Means Committee Chair Jason Smith has asked the International Trade Commission, an independent panel that advises Congress and the executive branch, to investigate the impact of export restrictions on the U.S. rice industry.
The Senate this week tackles a bipartisan border security compromise that likely faces unsurmountable opposition from House Republicans and former President Donald Trump.
The UN Food and Agriculture Organization’s index of global food commodity prices eased again in January, led by lower prices for grains and meat, and is down 10.4% from a year ago.
Disruptions in the Red Sea due to attacks from Houthi rebels and a drought-induced slowdown of goods through the Panama Canal are driving up freight costs and putting a focus on the vulnerabilities of key chokepoints in agricultural shipping lanes.
A former high-ranking USDA official in the Trump administration who now leads the National Association of State Departments of Agriculture voices concern that former Donald Trump's proposal to raise tariffs could hurt farmers.