FCC Bans Foreign Drones and Beef Prices Projected Higher
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.
**The FCC recently blacklisted all new foreign-made drones and components due to concerns the foreign equipment is an unacceptable risk to national security.
Agri-Pulse reports the ban’s timing hurts as many farmers are struggling financially because of high production costs, which makes the application of crop protection products and fertilizers especially important.
The FCC says the ban won’t ground the thousands of deployed unmanned aircraft already in the U.S.
**Beef prices are projected to continue increasing as U.S. beef production declines with no signs of a cattle herd rebuild.
www.agrimarketing.com reports the U.S. cattle industry has been in liquidation mode since inventories peaked at 94.7 million head in 2019 and has decreased 8 million head since then.
Bloomberg reports cheap beef may soon become further out of reach as Brazil heads into a period of shrinking supplies that could push global prices higher.
www.agrimarketing.com/s/155787
**Ag Secretary Brooke Rollins signed a Memorandum putting forth an effort to establish new priorities.
Since January, the Trump Administration has been working to strengthen the farm safety net, create new export opportunities, lower the cost of critical inputs, and root out DEI from all USDA programs.
Strategic R&D investments will help American farmers and ranchers increase profitability while providing consumers with the safest, most abundant, and affordable food and fiber.
