Agriculture Secretary Tom Vilsack and National Economic Council Director Brian Deese unveiled a new report that blamed consolidation in the beef, pork and poultry sectors for higher grocery store bills and unveiled new actions to address the situation.
The Agriculture Department is increasing the amount of assistance available to drought-stricken cattle producers by adding coverage for feed transportation costs to the Emergency Assistance for Livestock, Honey Bees and Farm-raised Fish Program.
An Agri-Pulse analysis of the compensation earned by leaders of the nation's most prominent farm, food and energy groups is beginning to reflect the months when the nation shut down and the food chain faced unprecedented challenges. But the true impacts; and their reflection in publicly available tax documents; might not be realized for another year or two.
Despite an expected increase in net cash farm income this year, median total farm household income is projected to drop to $80,314 for 2020 and $79,909 in 2021, according to the Department of Agriculture.
Farmers' financial earnings are expected to increase this year, but fewer government payments and increased production costs will likely offset higher cash receipts, USDA's Economic Research Service said Thursday in its Farm Sector Income forecast.
The Department of Agriculture is in touch with Capitol Hill as Democratic leaders work to craft legislation that has the potential to funnel more money into the farm bill and expand the number of producers who could receive funding and assistance for government conservation programs.
The high-stakes battle to buy Kansas City Southern railroad is heating up again with Canadian Pacific pitching another acquisition bid after the Surface Transportation Board denied Canadian National Railway’s proposal.