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Shining Light on Farm & Food Policy for 20 Years.
Wednesday, September 18, 2024
Agriculture Secretary Tom Vilsack is announcing the first $300 million in awards to commodity groups today under a $1.2 billion trade promotion initiative he’s funding through his Commodity Credit Corporation spending authority.
The Agriculture Department on Thursday raised its yield estimates for corn and soybeans and predicted stronger production for both commodities in its November crop report.
The indictments of New Jersey Sen. Bob Menendez and Wael Hana are raising concern over an arrangement that gives control over millions of dollars in U.S. beef and poultry trade to one entity at the heart of the scandal.
A key scheme involved in the bribery case against Sen. Bob Menendez, D-N.J., angered the Agriculture Department but resulted in associates of the couple getting a lucrative monopoly on halal certification for U.S. beef exports to Egypt.
USDA has cut its forecast for the value of U.S. ag exports in fiscal year 2023 to $181 billion, a $3.5 billion reduction from the agency’s February prediction of $184.5 billion.
USDA Trade Undersecretary Alexis Taylor is set to lead a mission to Japan next week, offering American government and private-sector officials the chance to work directly with the fourth-largest foreign market for U.S. food and agricultural exports.
Much larger corn crops in Argentina and the U.S. will be driving down global prices and spurring international trade in the 2023-24 marketing year, USDA said Friday.
The USDA slashed its forecast for Argentina’s corn and soybean production in response to widespread drought and raised its prediction for Chinese wheat imports in its April World Agricultural Supply and Demands Estimate.
Drought is taking a higher-than-expected toll on Argentina’s corn and soybean farmers, according to the USDA, which cut production and export forecasts Wednesday for the South American country.
