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Shining Light on Farm & Food Policy for 20 Years.
Friday, November 01, 2024
Declines in fertilizer prices from 2022 highs and an improvement in California’s water supply suggest the upcoming fruit and nut season could be a good one for growers.
The Biden administration is moving quietly to sharpen its strategy and build up its arguments as it takes internal steps towards a potential trade dispute with Mexico over its ban on genetically modified white corn, according to sources with knowledge of the developments.
House Speaker Kevin McCarthy meets with President Joe Biden this week as Republicans push for a deal pairing spending cuts with a debt ceiling increase, while the Congressional Budget Office will release new economic projections that could make it easier – or harder – for lawmakers to write a new farm bill.
Flooding conditions along the Mississippi River, brought on by the warming of massive quantities of snow to hit the Midwest over the winter, are expected to cause issues for inland waterway transportation into next week.
Brazil is finishing up the harvest of a record-breaking crop this year, and USDA’s Foreign Agricultural Service is now predicting the country’s farmers will plant an even bigger one for the 2023-24 marketing year.
A key House Republican wants to reinstate a restriction on USDA’s use of its Commodity Credit Corp. Rep. Andy Harris, who chairs the House Ag Appropriations Subcommittee, claims Ag Secretary Tom Vilsack misused the CCC to fund the $3 billion Partnerships in Climate-Smart Commodities initiative.
The Japanese tariff on U.S. beef has dropped gradually from 38.5% in 2019 to 23.3% this year as a result of the three-year-old U.S.-Japan Trade Agreement, a prime example of the kind of free trade agreement the U.S. ag sector and some lawmakers say they want to see replicated.
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