Lack Rain Hits Georgia Peanuts and China and U.S. Soybeans
From the Ag Information Network, this is your Agribusiness Update.
**At the beginning of August, Georgia’s peanut crop looked good, but then, according to UGA Extension Peanut Agronomist Scott Monfort, it stopped raining across most of South Georgia’s peanut belt.
Monfort tells www.gfb.org we’ve been without rain in a large part of Georgia since August 22 and some parts since the 19.
He says we’re going to lose part of this crop that’s not irrigated, the later planted third of the crop.
www.gfb.org/news/ag-news/post/drought-threatens-georgia-peanut-crop-as-it-enters-home-stretch
**A spokesman from the Chinese commerce ministry was asked
when China might resume buying American soybeans.
He said the U.S. should remove what China describes as unreasonable tariffs and create conditions that help expand trade between the two nations.
Traders in China have opted to fill their soybean needs in South America.
American farmers are in danger of missing out on billions of dollars’ worth of soybean sales because of the unresolved tensions.
**Ag Secretary Brooke Rollins announced a new three-point plan to support American ag producers and exporters.
The first of three points is the America First Trade Promotion Program that would get a kickstart in fiscal year 2026.
The second is a new model of trade missions that supplements the current model.
The third is an effort to revitalize export finance opportunities by reducing financial risk to lenders with credit guarantees.
