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Shining Light on Farm & Food Policy for 20 Years.
Saturday, September 21, 2024
The Food and Drug Administration for the first time cleared the marketing of products from a biotech food animal, approving beef cattle that are genetically altered to be more tolerant of hot weather.
The UN Food and Agriculture Organization is reporting that global food prices hit their highest level on record last month, and that doesn’t account for the full effects of the Ukraine crisis.
Congress faces a Friday deadline to pass a massive bill to fund the government for the rest of the fiscal year, but negotiations were still far from final heading into the weekend.
Global food prices hit an all-time high in February, led by sharp increases in vegetable oil and dairy prices as well higher costs for grains, according to the UN Food and Agriculture Organization.
A leading U.S. ag economist thinks the Biden administration may have to open up the Conservation Reserve Program to cropping this year because of grain shortages that could result from the crisis in Ukraine.
As Russian missiles continued to bombard Ukraine, President Joe Biden used his first State of the Union address to express American support for the beleaguered nation and tackle a number of domestic issues, including food price inflation and supply chain disruptions.
Leaders of major crop groups say the farm bill commodity programs won’t adequately protect their margins at a time of skyrocketing input costs, but the organizations aren’t ready to propose specific changes.
Surging commodity prices have pushed crop insurance guarantees to record highs or near-record highs for farmers in the Midwest and Plains states this spring, which will help them protect their revenue against the soaring input costs.