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Shining Light on Farm & Food Policy for 20 Years.
Sunday, May 19, 2024
U.S. soybean meal exports are set to reach 13.2 million tons in marketing year 2022/23, valued at almost $7 billion, but government analysts anticipate the next marketing year could produce an even higher total.
Agriculture Secretary Tom Vilsack is preparing to confirm later this morning that he will be using $2.3 billion in funding from USDA’s Commodity Credit Corporation to help farm groups promote their goods in foreign markets as well as donate more U.S.-grown commodities to those in need overseas, according to government officials.
The Farm Credit Administration Board has granted approval for a final regulation that governs the provision of services to young, beginning, and small (YBS) farmers and ranchers within the Farm Credit System.
Supermarket prices rose 0.1% in September as the increased cost of beef, pork and milk masked price declines in many other products. It was the smallest increase in the cost of eating at home since June.
Agricultural productivity continues to fall below the needed targets to meet the global demands of feeding nearly 10 billion people by 2050 as outlined by the latest Global Agricultural Productivity report.
Views of the farm economy worsened for the second time in a row this September, according to a monthly survey from Purdue University and the CME Group.
The Agriculture Department's Risk Management Agency is launching a new crop insurance program for controlled-environment agriculture that will become available in the 2024 crop year.