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Shining Light on Farm & Food Policy for 20 Years.
Thursday, November 21, 2024
The Canadian Labor Minister late Thursday afternoon intervened in a contract dispute between the nation's two major railways and a Teamsters union, directing a branch of the Canadian government to impose final binding arbitration on the two parties.
Nearly 10,000 Canadian rail workers are locked out amid a stalemate in contract negotiations with two of the country’s major railroads that has halted rail shipments within the country's borders. U.S. ag shippers and railroads worry the labor dispute could disrupt cross-border traffic.
Legal experts and economists say it's hard to tell how a federal ban on price gouging in the food industry would work, warning that price controls such as those suggested by Vice President Kamala Harris could come with unintended consequences.
High food prices have become major talking points in the upcoming presidential election, with both sides pointing to different causes for pricey grocery store receipts over the past four years. Economists say a number of factors have been at play, depending on the type of food.
President Joe Biden will address the Democratic National Convention tonight to help kick off what the Democrats hope will be an important step toward retaining control of the White House – and both chambers of Congress.
Vice President Kamala Harris on Friday promised to control food inflation, an issue that has dogged Democrats throughout the campaign season, by threatening penalties on companies that raise prices unfairly.
USDA is finalizing a study of retail food pricing even as Vice President Kamala Harris threatens to crack down on the industry for alleged price gouging.
While campaigning in Michigan Wednesday, GOP vice presidential candidate JD Vance talked up a couple of ways to lower food prices – firing the agriculture secretary and increasing oil and natural gas production. He seemed to get mixed up on who’s running USDA, however.
The cost of groceries rose 0.1% for the second month in a row in July, led by increases in the cost of beef, eggs, milk and fresh produce. Consumers continue to see significantly more inflation when they're eating out.
USDA is projecting corn and soybean yields at record highs this year and has sharply raised its forecast for both soybean production and ending stocks, prompting another drop on the futures markets Monday.
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