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Shining Light on Farm & Food Policy for 20 Years.
Saturday, April 20, 2024
Drought is taking a higher-than-expected toll on Argentina’s corn and soybean farmers, according to the USDA, which cut production and export forecasts Wednesday for the South American country.
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.
The official new estimates for farm bill costs do little to ease the funding squeeze facing lawmakers who want to increase reference prices for major commodities to reflect the higher input costs farmers are paying.
Meanwhile, the Congressional Budget Office forecast raises new questions about the future of conservation funding provided through the Inflation Reduction Act.
Mexico’s attempts to rid the country of genetically modified corn from the U.S. could ultimately be put in the hands of a third-party dispute panel, and both sides are counting on science and common sense to prevail.
Deere and Co. said Friday its net income jumped 117% in the latest quarter compared to the same period a year earlier, and the farm equipment giant raised its earnings estimate for fiscal 2023.
A senior official says the Biden administration has received Mexico’s responses to U.S. demands for scientific justification of Mexico’s efforts to halt imports of genetically modified corn and the country’s rejection of approval applications for new biotech seed traits.
Mexico’s bold move this week to reinforce its drive to disparage genetically modified corn and ban imports ignores protests from the Biden administration, adding pressure on the U.S. to follow through with recent threats to initiate a dispute under the U.S.-Mexico-Canada Agreement.
Mexican President Andrés Manuel López Obrador issued a modified, new decree Monday to ban genetically modified white corn while temporarily allowing GM corn for feed and industrial uses.
The Biden administration is demanding that Mexican President Andrés Manuel López Obrador scientifically justify his decree that would ban genetically modified corn and the popular herbicide, glyphosate.
