The Agriculture Department issued a climate strategy Thursday that heavily focuses on measuring the impact of climate-friendly practices, taking steps to facilitate private carbon markets and ensuring all farmers can benefit financially from addressing climate change.
Grains and other agricultural commodity shippers could benefit from a Canadian rail line’s acquisition of Kansas City Southern because of faster shipping routes, but some experts also are concerned the deal could lead to further mergers that ultimately reduce competition and increase rail rates.
The National Corn Growers Association has decided to terminate its Soil Health Partnership, a program that teamed up with farmers to collect data on soil conservation practices such as cover crops and reduced tillage.
Representatives of the United States, Mexico and Canada sit down to hash out trade disagreements this week, while President Joe Biden continues discussions with Republicans on an infrastructure package.
Department of Agriculture officials set new crop corn and soybean estimates for the upcoming marketing year, but traders expect corn acreage to increase in the next few months as producers switch acres due to higher prices.
One of President Joe Biden’s tax proposals to address economic inequality while raising new revenue for domestic spending priorities would make it harder for farmers to use like-kind exchanges to defer taxes when they sell land to acquire other acreage.