EU Imports of U.S. Soy and Farm-Aid Payments in September

EU Imports of U.S. Soy and Farm-Aid Payments in September

Bob Larson
Bob Larson
From the Ag Information Network, I'm Bob Larson with your Agribusiness Update.

**The European Court of Justice rules that CRISPR crops and other gene-edited foods must be treated as classic transgenic GMOs, putting the EU at sharp odds with the U.S. over the future of biotechnology.

According to, the ruling will force gene-edited plants to go through a regulatory process that typically costs about $35 million, meaning only large companies will be able to afford the regulations.

U.S. regulators have taken the position gene-edited crops don't pose a problem because they involve no "foreign" genes, and are essentially genetically identical to crops developed through traditional cross-breeding.

**EU soybean imports from the U.S. almost quadrupled early in the new marketing year, the European Union reports, a week after it struck a deal with President Trump to avert a trade war, as buyers responded to a sharp drop in prices. reports, EU officials say the collation of new bi-monthly import data showing the rise was "the first concrete follow-up to the EU-U.S. joint statement agreed in Washington between Commission President Juncker and U.S. President Trump".

**U.S. farmers could receive cash payments from a planned $12 billion aid package as soon as late September, but Ag Secretary Sonny Perdue who warns the program will not make tariff-hit farmers whole.

Perdue tells the plan would include between $7 and $8 billion in direct cash relief.

U.S. growers are expected to take an $11 billion hit due to retaliatory tariffs.

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