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Shining Light on Farm & Food Policy for 20 Years.
Thursday, November 28, 2024
Rural Democrats are expressing relief at a deal House Speaker Nancy Pelosi reached with Republicans to ensure USDA can continue making farm payments in the coming months. A stopgap funding bill that includes a provision to replenish USDA’s Commodity Credit Corp. account passed the House easily Tuesday evening, 359-57.
President Donald Trump famously tweeted that trade wars “are good and easy to win.” It was a brash statement, but emblematic of his first term in which he either threatened or hit trade partners like China, Japan, South Korea, Mexico, Canada and the European Union with tariffs.
The European Union’s proposed overhaul of agricultural production methods is not just bad for Europe — it threatens food security in the poorest of nations that look to the EU as role model for farming and a trading partner, according to an onslaught of criticism released Monday by Trump administration officials.
Exports of U.S. soybeans to China started off the new 2020-21 marketing year strong, and the latest USDA weekly sales data show the pace of trade is heating up.
On Capitol Hill, there are some signs of life for a big new coronavirus relief package after a presidential tweet Wednesday. Trump called on Republicans to support a “much higher” level of spending than they have.
Farm groups are worried that USDA is close to running out of money to make farm bill payments that are due next month and are pleading with Congress to replenish the department’s Commodity Credit Corp. account.
The U.S. is willing to negotiate a new deal on organic standards with the European Union, but the outcome for an agreement in the years to come is uncertain.
A World Trade Organization panel ruled Tuesday that the U.S. broke its international commitments by circumventing the WTO dispute system and hitting China in 2018 with tariffs on $234 billion worth of its goods.
