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Shining Light on Farm & Food Policy for 20 Years.
Friday, April 19, 2024
China Wednesday officially rejected U.S. claims that China has failed to comply with a 2019 World Trade Organization ruling against China’s price supports for its wheat and rice farmers – subsidies that U.S. farmers say hurt international trade.
The U.S. and China are set to go head to head at the World Trade Organization in Geneva next week in a brewing battle over Chinese wheat and rice subsidies, and neither side is showing any sign of backing down.
Agriculture Secretary Sonny Perdue will be in Florida today as he continues touring the country to promote the Farmers and Families Food Box program even as congressional Democrats raise questions about how USDA is managing it.
The number of people facing hunger is on the rise around the world because of the global COVID-19 crisis, and humanitarian organizations and farm groups are pushing for the Trump administration to boost donations of rice, wheat and other commodities.
The Market Facilitation Program has made a significant difference in liquidity for many farms across the country, including Midwest grain operations as well as cotton and rice growers, but many farms are still likely to end this year with negative ending cash, according to an analysis of the trade assistance.
The United Kingdom, now free from the European Union, published negotiating objectives Monday for a free trade agreement with the U.S., and improving agriculture imports and exports will be key during talks that are expected to begin in the next several weeks, British government officials said.
Farmers are expected to produce record amounts of meat, milk and major crops this year as the agriculture economy rebounds from 2019’s trade and weather disruptions, but exports are forecast to rise relatively modestly in coming months despite the new trade deal with China, USDA says.
A proposed U.S.-Kenya pact is expected to create new markets for U.S. farm commodities and equipment and promises to pave the way for new trade standards across sub-Saharan Africa.
