U.S. corn and soybean production will be smaller than the previous year based on fractionally lower planted acreage and trend yields, USDA said today in its first projections for major crops for the 2018-2019 crop year.
The chief scientist at PepsiCo, the largest U.S. food company, is challenging American agriculture to “dig in” and take greater steps to help provide nutritious, affordable food to a world population that will surpass 9 billion people by mid-century.
The Commerce Department today took the final step to authorizing retaliatory action against imports of biodiesel from Argentina and Indonesia, setting the final rates importers must pay to bring the biofuel into the U.S.
U.S. sugar farmers want to keep restricting the inflow of foreign supplies just as much as sweetener users – think candy and food companies – want to increase imports and push down prices. As a result, friction between the two sides is heating up as Congress prepares to write the next five-year farm bill.
The U.S. ethanol industry is fighting to maintain its record-setting growth despite the oil industry’s continuing attacks and the surge in global protectionism that threatens American exports of the corn-based biofuel.