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Shining Light on Farm & Food Policy for 20 Years.
Tuesday, October 29, 2024
The world textile industry is being hit hard as retail stores shutter around the world amid the COVID-19 pandemic and the pain is being felt all the way to American cotton fields.
U.S. Trade Representative Robert Lighthizer is making it clear to Brazil that the U.S. is serious about strengthening trade and economic ties between the two countries whose leaders appear to be fond of each other.
Demand for cotton around the world is spiraling downward during the coronavirus pandemic, causing the USDA to lower its forecast for global consumption by 6.4% - a whopping 7.6 million bales.
China has been making strides in living up to the promises it made in the “phase one” trade deal that went into effect February, but imports of U.S. ag commodities are still far below levels than many were hoping for.
The National Milk Producers Federation and International Dairy Foods Association are jointly asking USDA to rescue the industry from the impacts of the COVID-19 pandemic by paying farms to cut production and providing forgivable loans to processors to keep buying milk.
China is continuing to live up to its purchase promises under the “phase one” trade deal, buying up 567,000 metric tons of U.S. corn, according to new export sales announced Friday by the USDA. Most of it — 504,000 tons — is for delivery in the 2020-21 marketing year, while 63,000 tons are for delivery in the current 2019-20 marketing year.
China’s decision in November to lift its ban on U.S. poultry and the subsequent “phase one” trade deal are already boosting U.S. exports for American pet food products and sales to the Chinese market are expected to grow exponentially, spurring hundreds of millions of dollars in sales.
President Donald Trump signs into law a $2 trillion economic stimulus package that includes $23.5 billion in aid to farmers and ranchers as well as marketing loan relief.
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