Congress should be careful to avoid overbuilding processing capacity and instituting prescriptive marketing requirements as it studies its response to a pair of turbulent years in the beef industry, witnesses told a House Agriculture subcommittee Wednesday morning.
The Agriculture Department says it plans to conduct preparatory work on the debt relief program for socially disadvantaged farmers, following an order from a federal judge in Texas stopping USDA from providing payments.
Curt Hudnutt has been tapped as the new president and chief executive officer of American AgCredit and Roland Fumasi has been tapped to lead Rabobank’s RaboResearch Food & Agribusiness team in North America.
Rapidly rising almond production coupled with trade wars and COVID-19 impacts have cut prices for farmers nearly in half over the past year and they won’t likely fully recover for at least a couple of seasons, says Roland Fumasi, a senior analyst for Rabobank.
A semi-annual global fertilizer report published by RaboResearch in June shows that imports of nitrogen, phosphate and potash to North America in the first quarter of 2020 were down 22% from last year, despite an increase in the number of planted acres.
Consumer demand for fresh meat, pork and poultry sales is soaring, but as processing remains slowed or shuttered in many places across the U.S., you can expect shortages in some retail outlets as well as many grocery chains.
For all of you working on farms and ranches, you realize that the important work of producing food and feeding people never stops. It’s the same pattern for those in our packing plants, our truckers, our food workers and everyone along the supply chain from farm to fork.