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Shining Light on Farm & Food Policy for 20 Years.
Thursday, April 18, 2024
A new subcommittee structure would put foreign agriculture and nutrition policy under the same umbrella as part of broader changes to the House Ag Committee’s oversight of the nation’s agriculture and food policy.
Higher margins in its ag services and oilseeds business helped push ADM to an operating profit of about $6.5 billion for its fiscal year 2022, an increase of 41% over 2021.
The Senate Agriculture Committee has scheduled four hearings on farm bill issues, starting with a review of the trade and horticulture titles next Wednesday.
If India can keep on track for using more and more ethanol in gasoline, the country could well blend its way into needing U.S. imports, opening up major new trading opportunities with the second-most populous nation in the world.
The two top U.S. ag trade officials met Monday in Mexico City with high-ranking Mexican government officials over U.S. opposition to a planned Mexican ban on genetically modified corn.
The Office of the U.S. Trade Representative Monday reinforced USDA's position that Mexico’s proposed restrictions on genetically modified corn would still break its commitments under the U.S.-Mexico-Canada Agreement, despite Mexican proposals to soften the rules.
The House and Senate will be finalizing committee rosters over the next week or so, clearing the way for the start of hearings on the farm bill and other issues.
Several key House committees will be chaired in the coming Congress by Republican lawmakers who represent districts with significant farm production or have an agricultural background themselves.
Up until recently Mexico counted on the U.S. for nearly 100% of its rice imports, but that’s no longer the case. Countries like Brazil now find themselves at a price advantage to the once-dominant U.S. and they’re taking advantage of the situation at a rate that has the USA Rice Federation concerned that members are losing their largest and most reliable market.
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