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Balanced Reporting. Trusted Insights.
Friday, May 27, 2022
The USDA is planning on four more in-person trade missions around the globe this year, including to the UK and Kenya, nations that the Trump administration opened up negotiations with for free trade agreements.
The U.S. exported $177 billion worth of agricultural commodities in 2021, firmly besting the record in 2014 by about 15% and overshadowing 2020 totals by 18%, according to new data released by the Commerce Department.
U.S. pork exports to the Philippines rose sharply this year following the country’s decision to temporarily increase its import quota and reduce tariffs, and the National Pork Producers Council believes the improved trade conditions may extend through 2022.
U.S. farm groups and some lawmakers used a hearing held by the House Agriculture Subcommittee on Livestock and Foreign Agriculture to stress the need for a more aggressive U.S. trade policy that prioritizes the negotiation of new free trade agreements in order to boost U.S. agricultural exports.
Propelled by surges in sales to China, Mexico and Cuba, U.S. exports of chicken and eggs are at a record pace after the first six months of 2021, and a new analysis released Wednesday by the U.S. Poultry and Egg Export Council says trade is expected to continue strong through the rest of the year.
Jewel Bronaugh’s nomination is headed to the Senate floor. The Senate Ag Committee used a voice vote Monday evening to send her nomination to be USDA’s next deputy secretary to the Senate floor after Bronaugh, currently the Virginia ag commissioner, took part in an April hearing.
U.S. beef and pork exports hit the highest monthly values ever recorded in March, giving renewed hope to the red meat industry that the pandemic slowdown is mostly behind it, according to a new analysis from the U.S. Meat Export Federation.
Agriculture Secretary Tom Vilsack says he’ll make sure the Treasury Department understands the importance of stepped-up basis to farm groups. Vilsack was pressed about that issue during an appearance Wednesday before the House Ag Appropriations Subcommittee.
The Philippines, already a big importer of U.S. pork, is lowering its tariffs to allow for more foreign supplies as the country continues to battle African swine fever, according to an announcement made Wednesday by the National Pork Producers Council.
An end is finally in sight in the wait for a new agriculture secretary. The Senate has scheduled action for Feb. 23 on Tom Vilsack's nomination to return for a second stint at the head of USDA.
