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Shining Light on Farm & Food Policy for 20 Years.
Friday, April 19, 2024
The Biden administration on Thursday announced plans to use USDA’s Commodity Credit Corporation spending authority to provide $1 billion in additional food assistance overseas, a move requested by leaders of the Senate Agriculture Committee last year.
Lundberg Family Farms says it is growing its regenerative organic certified portfolio, including the commodity in more than 70 products after becoming the first rice brand to launch it last year.
House Ways and Means Committee Chair Jason Smith has asked the International Trade Commission, an independent panel that advises Congress and the executive branch, to investigate the impact of export restrictions on the U.S. rice industry.
The Department of Agriculture’s annual Crop Production report surprised traders with increases to the 2023 corn and soybean yield, pulling prices for both commodities lower in what could be the start of a longer trend.
The USDA’s Economic Research Service on Thursday lowered its forecast for U.S. agricultural exports in fiscal year 2024 to $169.5 billion. That’s down $2.5 billion from USDA’s previous forecast in August and down $9.2 billion from exports in FY 2023.
Volatile commodity markets are allowing international agricultural trading companies to rake in big profits in shadowy financial markets even as food insecurity increases in some of the most vulnerable regions of the globe, says a new analysis from the United Nations Conference on Trade and Development that calls for regulations to rein in the excesses.
Legislation is being introduced in the House and Senate to create a task force composed of officials with USDA and the U.S. Trade Representative's Office to identify agricultural trade barriers such as India’s farm subsidies that should be challenged at the World Trade Organization.
