The Trump administration remains adamant that Canada shut down its Class 7 milk pricing program as part of an overall deal to rewrite the North American Free Trade Agreement, USDA Secretary Sonny Perdue told reporters today.
Just as its commissioner predicted when he unveiled his plans to the public, the Food and Drug Administration likely will face a lawsuit if it moves forward with pursuing standard of identity enforcement to prevent plant-based products from using dairy-related nomenclature.
The Senate Agriculture Committee’s draft farm bill would make additional improvements for dairy producers and the Agriculture Risk Coverage program while expanding the Conservation Reserve Program and renewing a research foundation and other popular programs that are slated to run out of money when the current farm bill expires.
Milk producers can start signing up next week in the newly overhauled Margin Protection Program, which is more likely to provide payments to dairy farms during periods of low prices than the original version.
USDA has approved a landmark new revenue insurance plan for dairy producers, and companies are likely to bring out additional new products for the livestock industry now that Congress has lifted an underwriting cap, says USDA’s chief economist.