Trade

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Worries of a possible rail strike have been growing in Washington amid ongoing concerns about the health of the U.S. economy.

The nation's largest railroads reached a tentative agreement with their labor unions Thursday to avert a strike that could have crippled the nation's fragile supply chains heading into harvest.

Bipartisan agreement on the need for the U.S. and Taiwan to strengthen ties through a trade pact was on display Wednesday at a House Ways and Means Committee hearing, although Republican lawmakers were mostly critical of the Biden administration’s decision not to negotiate a traditional free trade agreement that requires approval from Congress.

The Biden administration is taking a major step today in its efforts to reduce greenhouse gas emissions from agriculture.

The nation’s largest railroads, aided by low summer demand and intense recruiting initiatives, have made progress in shrinking the formidable freight backlogs that congested their lines this spring. But 62,000 engineers and conductors could once again throw the rail system into disarray if they go on strike Friday. 

The potential for increased trade with India is substantial, but the country has refused to commit to the trade pillar of the Indo-Pacific Economic Framework and some in the U.S. ag sector are pessimistic about changing the country’s direction.

AGCO's Eric Hansotia discusses everything from access to affordable Semiconductor chips to his thoughts on farm equipment’s role in carbon sequestration in this wide-ranging interview.

New figures from the U.S. Meat Export Federation show July beef exports topped $1 billion for the sixth time in 2022 en route to the fifth-largest month on record for volume, continuing the trend of solid export figures throughout the year.

The Biden administration is pouring $2.8 billion, far more than originally planned, into a series of pilot projects aimed at developing markets for climate-smart commodities in every state and across a wide range of commodities and farm types. Another $700 million for smaller projects will be awarded later.

A new executive order from President Joe Biden calls on departments and agencies to take steps to increase the use of bio-based products and identify barriers to agricultural biotechnology.