Democrats look to move President Joe Biden’s $1.9 trillion stimulus package through the Senate while Agriculture Secretary Tom Vilsack makes his case for the new administration’s priorities to farm groups this week for the first time in his return to his old job.
The Biden administration is seeking to avoid the practice of creating winners and losers as it tries to expand international trade, Katherine Tai, the nominee to be the next U.S. Trade Representative, told senators Thursday.
China is determined to grow more self-sufficient, but the country is also widely expected to remain a growing importer of meat and grains for years to come as the Chinese economy and demand grows, outstripping production capacity, according to economists and new government forecasts.
The Senate Finance Committee will hold a hearing Thursday to consider the nomination of Katherine Tai to be President Joe Biden’s U.S. Trade Representative and point person on the future of trade relations with China.
Former Sen. Bob Dole, who is 97, starts treatment on Monday for stage four lung cancer. “While I certainly have some hurdles ahead. I also know that I join millions of Americans who face significant health challenges of their own,” Dole said in a statement he posted Thursday.
The Department of Agriculture expects U.S. farm exports to hit a record $157 billion for fiscal 2021, an increase of $21 billion over the year before, as the global economy recovers and China increases its already strong demand for U.S. corn, soybeans and meat.
USDA’s 97th annual Ag Outlook Forum kicks off this morning, and for the first time the meeting will be held online. USDA’s new chief economist, Seth Meyer will provide the department’s annual forecast for crop and livestock production this year.