U.S. dairy farmers are finally experiencing some price relief after four years of an economic downturn in which many farmers struggled to break even. But ongoing economic pressures will require farmers to leave no stone unturned as they seek to become more resilient.
The U.S. Supreme Court will hear arguments in a Clean Water Act case with major implications for agriculture, while farm groups who back a bipartisan ag labor bill will be lobbying lawmakers ahead of an expected House committee debate.
The Trump administration’s trade assistance package and other government payments are keeping the farm economy afloat, while historically low interest rates are helping maintain agricultural land values, according to bankers and economists.
Dean Foods says it plans to leave the International Dairy Foods Association, saying one of the company’s key priorities – how to approach plant-based dairy alternatives using traditional nomenclature – is “no longer shared by the entire IDFA organization.”
Japan agreed Wednesday to cut or eliminate tariffs on $7.2 billion worth of U.S. ag commodities and erect new quotas under a trade deal that U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe signed Wednesday.
House Democrats are still far from ready to ratify President Donald Trump’s new version of the North American Free Trade Agreement, but their demands represent just one of the threats to implementation of the updated trade pact that would keep most agricultural tariffs at zero.