The USDA has been saying for months that the European Union’s Farm-to-Fork plan to overhaul farming and food production in the 27-country bloc would be disastrous for farmers and raise food prices for consumers. Now, the chorus of concerns from European farmers is growing louder.
On Tuesday, Vilsack took part in a wide-ranging interview with Agri-Pulse from his home in Iowa, touching on subjects ranging from helping farmers through the COVID-19 pandemic to addressing the “cumulative effect of discrimination over a long period of time.”
Farm earnings are broadly expected to ease this year, although USDA's latest farm income forecast projects skyrocketing prices for key commodities will help offset a steep drop in government payments and increases in production costs.
President-elect Joe Biden’s commitment to addressing climate change and the food and ag industry’s progress in coalescing on ag carbon proposals are increasing the chances that farmers could see new income streams developing through private markets and USDA programs.
The quick pace of U.S. soybean and corn sales – particularly to China - is one of the biggest factors behind a new USDA forecast that shows U.S. ag exports rising to $140.5 billion in fiscal year 2021, which starts Oct. 1.