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Balanced Reporting. Trusted Insights.
Friday, May 27, 2022
President Joe Biden's $33 billion supplemental funding request for the war in Ukraine includes $500 million to encourage U.S. farmers to increase production of crops such as soybeans and wheat.
India’s subsidized wheat and rice stockpiling has made the country’s government a foe of U.S. wheat and rice farmers, but now the country’s prime minister is trying to use the farming crisis in Ukraine to justify its efforts to prop up domestic farmers by saying it could come to the rescue of grain-deprived countries.
Cuba has struggled for decades to feed its people, but because of U.S. sanctions and the impacts of the COVID pandemic, the country is becoming more desperate to buy U.S. grain and meat.
Top trade officials from the U.S. and UK will meet in Baltimore, Md., next week – the first of two scheduled meetings announced Wednesday by the Biden administration – sparking new hope that the two countries are moving closer to negotiations for a free trade agreement.
China continues to be a “difficult and unpredictable market for U.S. agricultural exporters” because it flouts international trade standards set by the World Trade Organization, according to a new report to Congress from the Office of the U.S. Trade Representative.
The USDA announced Monday plans to help fund a new 25-acre container yard at the Port of Oakland to try help farmers get their rice, beef, pork, almonds, hay and other agricultural commodities into containers and on to ships.
The cost of fertilizer exploded in 2021 and farmers across the country are going to be hit even harder in 2022, according to a new study by Texas A&M University’s Agricultural and Food Policy Center.
Nations continued to heatedly bicker and complain even in the last days leading up to what was supposed to be the summit for reforming international agricultural trading rules, but the postponement World Trade Organization’s 12th Ministerial Conference gives WTO countries more time to lay the groundwork for consensus.
The impact of changing climate conditions on the world’s wheat, corn, soybean and rice production are likely to be seen sooner than previously estimated. And of those crops, only wheat is expected to see increases in yield.