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Shining Light on Farm & Food Policy for 20 Years.
Thursday, March 28, 2024
U.S. Trade Representative Katherine Tai announced Friday that she is calling for dispute consultations with Mexico over the country’s efforts to ban genetically modified corn and its recent history of rejecting biotech seed traits.
USDA has cut its forecast for the value of U.S. ag exports in fiscal year 2023 to $181 billion, a $3.5 billion reduction from the agency’s February prediction of $184.5 billion.
The House Agriculture Committee is considering raising reference prices based on a commodity’s relative input costs, an approach that could benefit some southern crops over commodities such as soybeans and corn.
The Mexican government continues to scoff at U.S. concerns over President Andrés Manuel López Obrador's restriction on genetically modified white corn, but the threat of the constraint is real, and damages are already accruing, according to American farmers and farm groups.
Much larger corn crops in Argentina and the U.S. will be driving down global prices and spurring international trade in the 2023-24 marketing year, USDA said Friday.
The Biden administration is moving quietly to sharpen its strategy and build up its arguments as it takes internal steps towards a potential trade dispute with Mexico over its ban on genetically modified white corn, according to sources with knowledge of the developments.
The World Bank projects that agriculturalcommodity priceswill drop 7% this year and likely fall again in 2024, providing some relief from global food inflation.
Groups representing producers of U.S. row crops are far from united on what Congress should do to improve commodity programs, even as the House and Senate Agriculture committees look to start writing a new farm bill in coming weeks.
Eastern European leaders have consistently supported Ukraine as it battles Russian forces, but they are struggling to maintain that united front as their farmers contend with Ukrainian grain that has flooded their domestic markets and depressed prices.