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Shining Light on Farm & Food Policy for 20 Years.
Wednesday, April 24, 2024
USDA Chief Economist Seth Meyer says a drive to diversify revenue streams through the growth of climate-smart commodities has potential but also needs to be better understood from an economic standpoint.
U.S. farmers are going to be producing and exporting a lot more grain and oilseeds for their respective 2023-24 marketing years, according to new forecasts released Thursday at USDA’s annual Agricultural Outlook Forum.
China’s demand for corn remains strong and the U.S. continues to ship millions of tons of the grain there, but Brazil is chipping away at that trade and the South American ag giant shows no sign of slowing its advance.
Russia’s repeated claims that the Black Sea Grain Initiative only helps wealthy nations have kept Ukraine on the defensive for months. Now, Ukraine is trying to flip the script on Moscow, with support from the U.S., United Nations, Japan, France, Norway and other countries.
Russia’s invasion of Ukraine was the top story in global news throughout 2022, forcing American ag and food policy watchers to keep a close eye on the war’s implications for domestic agriculture interests and world food security.
Archer Daniels Midland company CEO Juan Ricardo Luciano said in the company’s third-quarter earnings call Tuesday that low water levels on the Mississippi River will likely reduce soy exports from North America.
The top Republican on the House Ag Committee is making clear he wants nothing to do with some proposals by fellow conservatives to slash farm bill programs.