US-China Trade War Impact and Ag Productivity Slows
From the Ag Information Network, this is your Agribusiness Update.
**A new economic study paints a troubling picture of the potential results a new U.S.-China trade war could have on hundreds of thousands of rural communities.
It shows American-imposed tariffs would come at a steep cost to American farmers and ranchers while benefiting Brazil and Argentina.
The study showed an immediate drop in corn and soy exports to the tune of hundreds of millions of dollars that Brazil and Argentina could immediately step in and claim.
**A Virginia Tech study shows a dramatic slowdown in agricultural productivity that threatens the world’s ability to feed a growing global population by 2050.
The 2024 Global Agricultural Productivity Report says research, development, and high-tech farming tools are being developed at a steady pace.
But study editor, Tom Thompson says global ag productivity growth has slowed from 1.9% annually from 2001-2010 to 0.7% annually from 2013-22.
**Ag Secretary Tom Vilsack emphasized USDA’s commitment to connecting local farmers and producers with our schools that serve about 30 million children every school day.
Vilsack, joining others in celebrating National School Lunch
Week and National Farm to School Month, pointed to the Department’s recent investment of $500 million for schools to purchase unprocessed foods as the latest action to support school meals through nutritious, domestic foods.
