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Shining Light on Farm & Food Policy for 20 Years.
Saturday, April 27, 2024
Rail companies struggling to provide adequate service could be required to allow competitors on their tracks under a proposed Surface Transportation Board rule aimed at curbing delays and increasing competition in rail networks.
Brazil, a country that produces 42% of the world’s soybeans and 12% of its corn, is intrinsic to global food production, but all of that hinges on the South American nation’s ability to bring in billions of dollars’ worth of fertilizer from thousands of miles away. It’s a situation that Matt Simpson, CEO of the company Brazil Potash, said he wants to help change.
USDA took a key step Thursday in rolling out its new $1.3 billion international trade initiative, the Regional Agricultural Promotion Program, and unveiled plans for trade missions next year to Vietnam, India, South Korea, Canada, Colombia and Morocco.
Ukrainian farmers are producing more wheat and corn than expected in a war-torn country where seeds and inputs are difficult to come by and swaths of farmland are in occupied territory, but exports are on the decline again as Russia steps up its attacks on Ukraine’s beleaguered port facilities, according to a new analysis by USDA’s Foreign Agricultural Service.
The Agriculture Department on Thursday raised its yield estimates for corn and soybeans and predicted stronger production for both commodities in its November crop report.
The Agriculture Department has a lot of services, funding and tools for specialty crop farmers – including a new $100 million program to help producers sell their crops overseas – and the USDA wants to make sure that those farmers take advantage of them, Deputy Secretary Xochitl Torres Small told reporters Thursday.
Strong global demand for agricultural commodities will put more pressure on limited phosphate and potash supplies and strengthen fertilizer prices in 2024, Mosaic CEO Joc O’Rourke said Wednesday.
The Biden administration has made it clear it won't use the 14-nation Indo-Pacific Economic Framework for Prosperity to negotiate lower tariffs on American ag exports, but U.S. officials insist there are plenty of non-tariff trade barriers to be resolved, and U.S. farm groups’ hopes are high as talks continue this week in San Francisco during a seventh round of negotiations.
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