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Shining Light on Farm & Food Policy for 20 Years.
Monday, March 18, 2024
The first thing U.S. Trade Representative Katherine Tai and Agriculture Secretary Tom Vilsack did after the U.S. lost its second USMCA dairy battle with Canada was vow to keep on fighting – reminiscent of statements released by U.S. lawmakers and U.S. dairy groups, but that fight may be at an end after two exhaustive legal fights that both ended in a decision by a three-member dispute panel.
The USDA’s Economic Research Service on Thursday lowered its forecast for U.S. agricultural exports in fiscal year 2024 to $169.5 billion. That’s down $2.5 billion from USDA’s previous forecast in August and down $9.2 billion from exports in FY 2023.
The U.S. lost its latest dispute with Canada over the country’s operation of a tariff rate quota for dairy imports under the U.S.-Mexico-Canada Agreement, according to a Friday announcement from the Office of the U.S. Trade Representative.
The Biden administration has made it clear it won't use the 14-nation Indo-Pacific Economic Framework for Prosperity to negotiate lower tariffs on American ag exports, but U.S. officials insist there are plenty of non-tariff trade barriers to be resolved, and U.S. farm groups’ hopes are high as talks continue this week in San Francisco during a seventh round of negotiations.
The creation of the first inset carbon market, fueled by private and public partnerships, establishes a new revenue stream for dairy farmers that industry members hope will fuel continued innovation to reach agriculture's economic and environmental sustainability goals.
Agriculture Secretary Tom Vilsack says he’s fairly confident that Congress will succeed in either passing an extension to the 2018 farm bill or finish up work on a new one by the end of the year in order to avoid severe repercussions of doing nothing.
The indictments of New Jersey Sen. Bob Menendez and Wael Hana are raising concern over an arrangement that gives control over millions of dollars in U.S. beef and poultry trade to one entity at the heart of the scandal.
One economist is optimistic that farmers will be able to weather the drop in annual net cash farm income that producers are expected to face next year as agricultural commodity revenues fall and production expenses rise.
Dairy producers and market participants will be sharing testimony starting Aug. 23 on a wide range of proposals for USDA as it considers updates to the federal milk marketing order.
John Talbot, CEO of the California Milk Advisory Board, and Fred Schonenberg, founder of VentureFuel, an innovation advisory firm, happened to be sitting next to each other at a conference when they hatched the idea of creating a "Shark Tank" program to spur the development of new products made from California milk. The Real California Milk Excelerator program was born.