Overhaul for EU Ag Policy and U.S. Beef Exports Remain Higher
From the Ag Information Network, this is your Agribusiness Update.
**A report from the European Union suggests a major overhaul of its Ag Policy and subsidizing farmers based on their income rather than the size of their farms.
The report also states Europeans eat more animal protein than scientists recommend and need to “rebalance” diets toward plant-based proteins.
The European Commission president says farmers will only invest in more sustainable practices if they can live off their land, and IF we achieve our climate and environmental goals.
**U.S. beef exports continued building momentum in July.
USDA data says July beef exports were up 7% from a year ago, the second largest of 2024.
Export value rose 12% to $910.0 million, also the second highest this year.
July growth was fueled by higher demand in Japan, Taiwan, Mexico, and the Middle East.
January through July, value increased 6% from last year despite a 2% drop in volume.
**The Consortium for Common Food, National Milk Producers Federation, and the U.S. Dairy Export Council hailed the passage of commitments by the Chilean government regarding U.S. exports.
The commitments safeguard the rights of U.S. cheese and meat exporters to use common names like “parmesan” and “prosciutto” to market and sell their products.
The agreement came together in June between U.S. Trade Representative Katherine Tai and Chile’s Undersecretary of International Economic Relations.
