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Farm Bankruptcies on Rise and New Tariff on Mexican Tomatoes
The Agribusiness Update
After a four-year downward trend, U.S. farm bankruptcies are on the rise again, and the Trump administration plans to put a nearly 21% duty on fresh Mexican tomatoes starting July 14.
NPB Launches "Somethings Missing" and New Tariff on Mexican Tomatoes
The Agribusiness Update
The National Peanut Board has launched “Something’s Missing,” a promotional campaign to spotlight the absence of peanuts from K-12 cafeterias and college and university dining halls, and the Trump administration plans to put a nearly 21% duty on fresh Mexican tomatoes starting July 14.
Cover Crops
Washington State Farm Bureau Report
Last week, the Conservation Technology Information Center announced the findings of its eighth national cover crop survey.
Republicans Counter Prop 12 and Corn Soy Wheat Sales Plunge
The Agribusiness Update
Republican Senators introduced legislation Tuesday that would strike down California's animal-welfare law created through Proposition 12, and sales of corn, soybeans and wheat all plunged week to week in the seven days that ended on April 3, according to data from the USDA.
January Cattle Inventory Lower and NCBA Approves Policy Priorities
The Agribusiness Update
USDA's January Cattle Inventory report shed light on the state of the U.S. cattle industry, and the National Cattlemen's Beef Association's Executive Committee approved its policy priorities.
Rollins Named Ag Secretary and Dominican Swine Fever Boosts U.S. Pork Exports
The Agribusiness Update
Ag groups are reacting to President-elect Trump’s naming of Brooke Rollins as his nominee for Secretary of Agriculture, and U.S. pork exports to the Dominican Republic could reach a record high as African Swine Fever outbreaks continue across the country.
Southeast Hurricane Assesments and Dominican Swine Fever Boosts U.S. Pork Exports
The Agribusiness Update
Federal officials testified before the Senate Appropriations Committee on how they’re dealing with disasters, and U.S. pork exports to the Dominican Republic could reach a record high as African Swine Fever outbreaks continue across the country.
Port of Oakland Importance and Generic Pesticides Cheaper
The Agribusiness Update
The Port of Oakland continues to be one of the most important gateways for U.S. agricultural products, and Struggling U.S. farmers have been switching to cheaper generic pesticides and fungicides.
Impact of H5N1 on Dairies and Food & Ag Lobbying Report
The Agribusiness Update
As the number of H5N1 outbreaks at California dairy farms grows, industry experts remain unclear how the disease may affect the nation’s milk supply or pricing, and the Union of Concerned Scientists recently released a report analyzing the influence of lobbying on food and agriculture systems.
Ag Trade Deficit Grows
Washington State Farm Bureau Report
The ag trade deficit continues to soar, based on USDA’s latest trade figures for fiscal ’24 through August.
Alabama Farmers Scholarship Program and Trump Threatens Deere with Tariffs
The Agribusiness Update
The Alabama Farmers Federation scholarship program continues to cultivate the next generation of agriculturists, and Donald Trump is threatening to slap a 200% tariff on John Deere products sold in the U.S. IF the company moves production to Mexico as planned.
Overhaul for EU Ag Policy and U.S. Beef Exports Remain Higher
The Agribusiness Update
A report from the European Union suggests a major overhaul of its Ag Policy and subsidizing farmers based on their income rather than the size of their farms, and U.S. beef exports continued building momentum in July.
Trade Deficit Record Pt 2
Washington State Farm Bureau Report
USDA is projecting a record trade deficit next year at a time of sharply declining commodity prices.
Trade Deficit Record Pt 1
Washington State Farm Bureau Report
USDA is projecting a record trade deficit next year at a time of sharply declining commodity prices.
Ag Trade Deficit Growing and Meat and Poultry Product Labeling
The Agribusiness Update
The USDA forecasted the agricultural trade deficit to increase sharply to a record $42.5 billion in the coming fiscal year, and updated guidelines have been announced that recommend strengthening documentation supporting animal-raising or environment-related claims on meat or poultry product labels.
Ag Trade Deficit Growing and Meat and Poultry Product Labeling
The Agribusiness Update
The USDA forecasted the agricultural trade deficit to increase sharply to a record $42.5 billion in the coming fiscal year, and updated guidelines have been announced that recommend strengthening documentation supporting animal-raising or environment-related claims on meat or poultry product labels.
Fertilizer Prices Continue to Climb and Corn Exports Down
The Agribusiness Update
Despite being out of high-demand spring season, fertilizer prices continue to climb, and the USDA says sales of corn to overseas buyers declined during the week ending July 11.
Reverse Discontinued NASS Reports and Farmer Sentiment Down
The Agribusiness Update
A bipartisan group of 70 Representatives and Senators are calling on Ag Secretary Tom Vilsack to REVERSE the USDA’s decision to cancel or discontinue several NASS reports, and farmer sentiment dropped 15 points in April to a reading of 99, according to the Purdue University/CME Group Ag Economy Barometer.