By the end of the year, China is finally expected to implement the quotas for corn, wheat and rice as it agreed to do about 20 years ago, but it may not be a cause for celebration for American farmers.
Grain traders are still unsure of actual planted cropland after USDA dropped planted corn acres estimates by just over 1 million in its June Acreage report Friday. Many traders find that difficult to believe after farmers in the eastern Corn Belt struggled to plant a crop this spring.
The World Trade Organization today sided with the U.S. in its complaint that China has not lived up to pledges it made nearly twenty years ago to buy billions of dollars of wheat, rice and corn through tariff rate quotas.
With 95 percent of California’s Central Valley wetlands lost over the last century to urbanization and highly productive agriculture, researchers warn that the area’s once prolific native salmon could disappear within 50 years.
The island nation of Haiti, rocked by recent violent protests over allegations of corruption, inflation and a flailing economy, needs cheap food, and the country is reaching out to U.S. rice farmers and millers for help.
USDA economists expect farmers to increase plantings of corn this spring while reducing their soybean production as the Trump administration's ongoing trade war with China remains unsettled. Record amounts of meat and milk production are projected.