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Shining Light on Farm & Food Policy for 20 Years.
Sunday, August 18, 2024
Happy National Agriculture Day! Farmers, ranchers and rural communities across the country are marking the occasion with the simple goal of helping consumers understand where the food they eat came from and how the fiber and renewable resource products they use are made.
The European Union, Brazil, South Korea, Japan and other steel and aluminum exporters are scrambling to try and get exemptions to President Donald Trump’s tariffs, while much of the U.S. ag sector is worried they’ll be harmed by a backlash.
The leaders of Japan and the other 10 remaining countries in the renamed Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) signed off on the sweeping trade pact last Thursday and many in the U.S. ag sector are worried they’ll suffer from being left out.
Syngenta has agreed to pay $1.5 billion to settle claims that its commercialization of genetically modified corn seed caused China to reject U.S. corn imports for about a year starting in November 2013.
President Donald Trump’s plan to slap steep tariffs on steel and aluminum imports isn’t just a way to prop up domestic producers – his ag secretary says it’s also leverage he’s going to use to get Canada and Mexico to agree to U.S. demands in the ongoing negotiations to rewrite the North American Free Trade Agreement.
The USDA left its production estimates for this year’s corn and soybean crops unchanged from the February forecasts, while raising its projection for U.S. corn-ethanol output and slashing its outlook for Argentina’s soybean harvest.
USDA chief Sonny Perdue today came out in support of President Donald Trump’s trade policy tactics in proposing steep tariffs on steel and aluminum imports, but also stressed that the U.S. ag sector is rightfully concerned that it could suffer from foreign retaliation.
Last year, U.S. cellulosic ethanol production rose to 10 million gallons, a milestone but still a tiny fraction of the 2007 Energy Bill’s original 5.5 billion-gallon mandate for 2017. Still, with the lure of big premiums, the industry expects the expansion to continue.
The U.S. farm sector knows the repercussions from President Donald Trump’s plan to impose steep tariffs on steel and aluminum imports are going to be bad – they just don’t know yet how bad.
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