Delisting of Wolves and Economic Concerns Growing
From the Ag Information Network, this is your Agribusiness Update.
**A bill moving through the House would delist wolves from the Endangered Species Act and just passed out of the House Natural Resources Committee.
Sponsored by Wisconsin’s Tom Tiffany, the bill is called the “Pet and Livestock Protection Act” and now heads to the full House for a vote.
Supporters include several leading ag groups including the American Farm Bureau, National Cattlemen’s Beef Association, and the Public Land Council.
**A new CoBank report says rapidly worsening expectations about everything from inflation to personal income to business conditions and labor supplies are elevating economic concerns.
Questions of whether declining expectations will translate into slower spending and tightening profit margins should come into view by late June.
Uncertainty over trade and biofuel policy pulled commodity prices down last quarter despite a weaker dollar.
Trade concerns weighed heaviest on wheat as world buyers have multiple suppliers.
**The U.S. Department of Commerce intends to withdraw from the 2019 Agreement Suspending the Antidumping Investigation on Fresh Tomatoes from Mexico.
The Commerce Department says the agreement failed to protect U.S. tomato growers from unfairly priced Mexican imports.
This action will allow U.S. growers to compete fairly in the marketplace.
