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Balanced Reporting. Trusted Insights.
Wednesday, September 28, 2022
A bipartisan group of a dozen senators is calling on Ag Secretary Tom Vilsack to hold off on policy changes that could make it easier for sugar to make its way across U.S. borders.
The landmark climate deal Democrats hope will clear Congress in coming days would upend the coming debate over the next farm bill, satisfying demands for new conservation spending but leaving farm groups still scrambling to fund enhancements in commodity programs.
Leaders of major crop groups say the farm bill commodity programs won’t adequately protect their margins at a time of skyrocketing input costs, but the organizations aren’t ready to propose specific changes.
The USDA keeps a tight lid on the amount of foreign sugar that enters the U.S., and the department is keeping a close eye on whether it will need to allow more into the country if consumer demand increases as the COVID-19 pandemic loosens its grasp on Americans.
U.S. ethanol and corn groups are irate over Brazil's issuance of a 20% tariff on American ethanol following a breakdown in talks between the two countries.
A pair of reports from Department of Agriculture economists project a drop in American grain and oilseed production and overseas stocks on hand, prolonging a bump in commodity prices.
