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Balanced Reporting. Trusted Insights.
Monday, June 05, 2023
The U.S. and Mexico continue to engage over Mexican President Andrés Manuel López Obrador’s threat to ban genetically modified corn imports, but there were strong signs from senators Wednesday that patience is wearing thin on Capitol Hill for a resolution.
Agriculture Secretary Tom Vilsack said Thursday that the U.S. is prepared to call for a dispute resolution panel under the U.S.-Mexico-Canada Agreement unless Mexico backs off its plan to bar at least some U.S. exports of biotech corn.
A request from several Midwest governors to sell E15 year-round in their home states is now before the White House Office of Management and Budget. The news comes as 24 House members introduced a bill to match Senate legislation on the subject.
New legislation from a bipartisan group of 15 farm-state senators to pave the way for summer sales of higher ethanol blends carries not only the endorsement of biofuel groups but also the principal organization for the oil and gas industry.
Two major players in the energy space are in talks with a key Capitol Hill Republican on legislation that would allow sales of higher ethanol blends to continue unimpeded by current summer fuel volatility restrictions.
The Senate Agriculture Committee approved bills Wednesday authorizing USDA to mandate minimum levels of cash trading in cattle and establish a special investigator’s office in USDA to probe allegations of unfair marketing practices.
Legislation that would bring sweeping reforms to the way cattle are bought and sold had its day on Capitol Hill on Tuesday, but the bill’s prospects going forward remain bogged down in the complicated politics of the beef industry and Capitol Hill.
Members of the Senate Agriculture Committee queried a long list of witnesses Tuesday to determine whether or not a pair of bills before the panel would advance competition concerns for the nation’s beef producers.
A bipartisan group of senators has rolled out an updated piece of legislation that they hope will solve price discovery issues for beef producers. But the new legislation includes language that has already elicited opposition from some of the nation's leading farm groups.
The price consumers paid for groceries jumped 1.4% in February, helping to drive an overall increase in the Consumer Price Index of 7.9% over the past 12 months, the largest in 40 years, the Bureau of Labor Statistics reported Thursday.
