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Shining Light on Farm & Food Policy for 20 Years.
Wednesday, January 15, 2025
The USDA’s Economic Research Service on Thursday lowered its forecast for U.S. agricultural exports in fiscal year 2024 to $169.5 billion. That’s down $2.5 billion from USDA’s previous forecast in August and down $9.2 billion from exports in FY 2023.
USDA will award the first tranche of funding under its new $1.2 billion Regional Agricultural Promotion Program, or RAPP, in 2024 with $300 million from the Commodity Credit Corporation.
The Agriculture Department announced Wednesday it will dole out $300 million during the first year of its new $1.2 billion Regional Agricultural Promotion Program, or RAPP.
It’s all political. That’s the message from the U.S. to the three-member U.S.-Mexico-Canada Agreement panel that will be ruling on the U.S. complaint against Mexico’s attempt to block imports of genetically engineered corn.
The U.S. lost its latest dispute with Canada over the country’s operation of a tariff rate quota for dairy imports under the U.S.-Mexico-Canada Agreement, according to a Friday announcement from the Office of the U.S. Trade Representative.
Rail companies struggling to provide adequate service could be required to allow competitors on their tracks under a proposed Surface Transportation Board rule aimed at curbing delays and increasing competition in rail networks.
Brazil, a country that produces 42% of the world’s soybeans and 12% of its corn, is intrinsic to global food production, but all of that hinges on the South American nation’s ability to bring in billions of dollars’ worth of fertilizer from thousands of miles away. It’s a situation that Matt Simpson, CEO of the company Brazil Potash, said he wants to help change.
USDA took a key step Thursday in rolling out its new $1.3 billion international trade initiative, the Regional Agricultural Promotion Program, and unveiled plans for trade missions next year to Vietnam, India, South Korea, Canada, Colombia and Morocco.
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