Cuba could be buying a lot more poultry, corn, dairy and other ag commodities produced in the U.S., but first the U.S. needs to reverse course and begin strengthening ties with the island nation. That is the message from some of the largest American farm groups to the incoming Biden administration.
President-elect Joe Biden promised on the campaign trail to reverse the Trump administration’s policy of breaking ties with Cuba, and that has U.S. farm groups once again hoping their farmers will benefit with increased trade.
U.S. agriculture exports are going to be stronger than first expected in fiscal year 2021 and should eclipse 2020, according to a new USDA forecast that raised sales estimates for soybeans, sorghum, corn and wheat.
A nationwide cap and trade program hasn’t been on the legislative horizon since the idea died in Congress in 2010, but government and private market developers are counting on there being a robust demand for carbon offsets from a host of corporations, including energy companies, airlines and even major food companies, that need to offset their emissions.
China is again promising that it has made structural changes to its tariff rate quota system to import corn, wheat and rice, but it’s still not clear if that’s the case as the new deadline approaches for the U.S. to tell the World Trade Organization if it agrees.