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Shining Light on Farm & Food Policy for 20 Years.
Wednesday, November 20, 2024
This presidential debate will hardly be remembered for the policy. The talk around the country today is almost certainly going to be about the relative performance of President Joe Biden and former President Donald Trump, not the positions on issues.
The Congressional Budget Office is due to release its latest 10-year estimates for farm programs today. The new baseline isn’t expected to have any direct impact on the current farm bill discussions, but it could show whether lawmakers will face even greater budget challenges in the next Congress if they don’t get the legislation done this year.
Federal and state agricultural officials are expressing optimism about future trade with India, a country with a relatively young population and a growing middle class.
Ethanol champions are pushing the Biden Administration to place additional pressure on Brazil as they seek to loosen tariffs that have sent U.S. exports of the biofuel to the South American nation into a tailspin.
In this opinion piece, John Bode of the Corn Refiners Association discusses the latest agriculture economic data, including a report released today, and how lawmakers should adjust and inform U.S. trade policy accordingly.
The U.S. and Japan have reached a deal that would make it less likely that the Japanese safeguard trigger will boost tariffs on U.S. beef, as it has done in the past.
Brazil’s Ministry of Economy announced Tuesday that beginning Wednesday, Brazil will suspend its 18% tariff on ethanol imports for the rest of 2022 in an inflation-cutting effort to reduce fuel prices domestically.
The Philippines, already a big importer of U.S. pork, is lowering its tariffs to allow for more foreign supplies as the country continues to battle African swine fever, according to an announcement made Wednesday by the National Pork Producers Council.
U.S. beef exports to Japan have been so strong that they set off a “safeguard trigger” designed to protect domestic producers by increasing the country’s tariff level.
U.S. beef exports to Japan have been very good in recent months — maybe too good. The Japanese have imported so much U.S. beef, it’s looking like they will hit a “safeguard trigger” designed to protect domestic producers with a tariff.
