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Balanced Reporting. Trusted Insights.
Saturday, September 30, 2023
The Agriculture Department reduced its fiscal 2023 forecast for U.S. ag exports to $190 billion, a $3.5 billion drop from the agency’s last estimate in August, largely reflecting weaker expectations for soybean sales.
Freezing the wage rate paid to farmworkers in the U.S. under the H-2A program “could encourage a faster expansion” of the program and may reduce the wages of the U.S. domestic workers who account for 90% of average employment on U.S. crop farms, the Economic Research Service said in a report released Tuesday.
The U.S. exported $177 billion worth of agricultural commodities in 2021, firmly besting the record in 2014 by about 15% and overshadowing 2020 totals by 18%, according to new data released by the Commerce Department.
President Biden’s sweeping executive order pledges to address the corporate consolidation in U.S. agribusiness that has long frustrated many farmers, but his administration still has a lot of work to do to deliver on his promised relief.
Longtime Senate appropriator and GOP dealmaker Roy Blunt of Missouri is the fifth GOP senator to announce that he’s not seeking re-election. Blunt is a senior member of the Senate Appropriations Committee and former ranking Republican on the Agriculture Appropriations subcommittee that writes the annual budgets for USDA and FDA.
South Korea, in a deal struck with the Trump administration last November, agreed to buy at least 132,304 metric tons of U.S. rice annually and the country is getting close to meeting that promise for 2020, according to U.S. government and industry officials.
