SCFBA Not Pleased with Aid Package and Holiday Food Prices
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.
**The Specialty Crop Farm Bill Alliance is not pleased with President Trump's $12 billion aid package for farmers.
They said in a statement released Monday, we are disappointed that specialty crop growers were not included in the announcement … as we continue to face unprecedented economic challenges.
We stand ready to work with the Administration and Congress to advance a meaningful assistance package to support specialty crop growers during this difficult period.
**The holidays bring large increases in food spending for both food at home and away from home, and consumers’ decisions can have important implications for farmers and ranchers.
Despite the challenges, demand for many holiday favorites like turkey remains strong.
And even though there have been recent concerns regarding high beef prices, a larger share of consumers report plans to serve beef in their holiday meals compared to recent years.
**Treasury Secretary Scott Bessent extended an earlier deadline for Beijing’s purchases of American soybeans from December to February.
Bloomberg says Bessent was asked about soybean purchases and the time left before the end of the year, to which he clarified the target was the “end of the season,” which is February 28.
Reuters says USDA confirmed 2.25 million tons of Chinese purchases to date for the 2025-26 marketing year that ends in August.
