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Post Recess Farm Bill and Trade Deficit Decline
The Agribusiness Update
Senate Ag Chair John Boozman says he will reconvene committee members in September to vote again on his farm bill package, and the U.S. trade deficit declined in June but remains only slightly below levels seen before President Trump’s second term.
USMCA Not Shocking
Washington State Farm Bureau Report
According to Senior Commodities Economist Mike Castle of StoneX, the market wasn’t really surprised by the White House’s decision to not renew the USMCA for several reasons.
Easing Farmworker Restrictions and Fruit Intake Declines
The Agribusiness Update
Ag Secretary Brooke Rollins says easing restrictions for noncitizen farmworkers is a top priority, and U.S. fruit intake declined 7% in 2017-18.
Florida Fruit Grower Builds Community and Fruit Intake Declines
The Agribusiness Update
One of Florida’s largest citrus growers plans to build a 3,000-acre community in southwest Florida after announcing it would abandon its citrus operations, and U.S. fruit intake declined 7% in 2017-18.
California Walnut Challenges and Gas Prices Down for 3rd Straight Week
The Agribusiness Update
With more California walnut orchards being removed, the outlook for the industry is expected to improve as growers try to balance supply and demand, and the nation’s average gas price declined for the third straight week, falling 4.2 cents compared to a week ago to $3.37 per gallon.
California Walnut Challenges and Gas Prices Down for 3rd Straight Week
The Agribusiness Update
With more California walnut orchards being removed, the outlook for the industry is expected to improve as growers try to balance supply and demand, and the nation’s average gas price declined for the third straight week, falling 4.2 cents compared to a week ago to $3.37 per gallon.
National Safety Awards for Poultry and Gas Prices Down for 3rd Straight Week
The Agribusiness Update
The Joint Poultry Industry Safety & Health Council recognized 244 chicken and turkey facilities with safety awards at the National Safety Conference for Poultry, and the nation’s average gas price declined for the third straight week, falling 4.2 cents compared to a week ago to $3.37 per gallon.
California Wildfire Threat and Ag Sentiment Down for September
The Agribusiness Update
As wildfires challenge California’s wine sector, smoke taint has emerged as one of the primary threats to the state’s most lucrative crop, and Agricultural producers’ sentiment declined for the second month in a row during September.
Mexican Tomato Antidumping Dispute and Ag Sentiment Down for September
The Agribusiness Update
Mexican Tomato Antidumping debate and Agricultural producers’ sentiment declined for the second month in a row during September.
Beef Safeguard in US-Japan Trade Agreement and Inflation and Interest Rates
The Agribusiness Update
Beef Safeguard trigger in U.S.-Japan Trade Agreement takes effect January 1st, and Ag Community still sees inflation and rising interest rates as major concerns.
Dairy Sales Climb in June and Oil Prices Lowest in 6 Months
The Agribusiness Update
The sale of dairy products climbed 16% year over year in June, and oil prices drop to the lowest point in almost six months.
Dairy Sales Climb in June and Oil Prices Lowest in 6 Months
The Agribusiness Update
The sale of dairy products climbed 16% year over year in June, and oil prices drop to the lowest point in almost six months.
Farm Bill Listening Session and House Introduction of SHIP IT Act
The Agribusiness Update
The first 2023 Farm Bill listening session has been announced, and the SHIP IT Act has been introduced in the House.
Food Inflation in 2022 and Farmers to Plant More Wheat-Corn-Soy
The Agribusiness Update
The new year will see inflation rates continue to impact food industry and cause prices to rise, and the Wall Street Journal says farmers plan to plant more corn, soy and wheat than last year thanks to a banner year for grain prices.
Florida Food Check-Out Week and Farmers to Plant More Wheat-Corn-Soy
The Agribusiness Update
Florida Farm Bureau volunteers will celebrate Food Check-Out Week in February, and Farmers plan to plant more wheat, corn, and soybeans in 2022 thanks to a banner year for prices.