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Shining Light on Farm & Food Policy for 20 Years.
Saturday, April 20, 2024
The nearly week-long Russian invasion of Ukraine is threatening to restrict already tight global supplies of grain and fertilizer as Black Sea distribution hubs and supply lines shut down amid the chaos and violence that is only expected to worsen as Russian aggression intensifies and Western sanctions broaden.
Leaders of major crop groups say the farm bill commodity programs won’t adequately protect their margins at a time of skyrocketing input costs, but the organizations aren’t ready to propose specific changes.
Surging commodity prices have pushed crop insurance guarantees to record highs or near-record highs for farmers in the Midwest and Plains states this spring, which will help them protect their revenue against the soaring input costs.
The war in Ukraine may impede the country’s ability to export millions of tons of wheat and corn to China, Saudi Arabia, Indonesia, Turkey and elsewhere, and U.S. grain could be called on to fill the supply gap.
China continues to be a “difficult and unpredictable market for U.S. agricultural exporters” because it flouts international trade standards set by the World Trade Organization, according to a new report to Congress from the Office of the U.S. Trade Representative.
EPA is proposing the latest revisions to its crop grouping regulations for the purposes of setting pesticide tolerances, a move that the agency says will benefit producers of minor crops and pesticide companies through lower registration costs.
Fertilizer prices have risen quickly and the National Corn Growers Association is warning that new tariffs on imports could make the situation even worse for farmers.
A flurry of Department of Agriculture reports Wednesday showed bin-busting production of corn, sorghum, soybeans and cotton took place in 2021, largely matching what traders were expecting to see.
The Environmental Protection Agency issued seven-year registrations for popular herbicides Enlist One and Enlist Duo, while promising it would begin interagency endangered species consultations before issuing pesticide registrations for new active ingredients.
The cost of fertilizer exploded in 2021 and farmers across the country are going to be hit even harder in 2022, according to a new study by Texas A&M University’s Agricultural and Food Policy Center.
