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Thanksgiving Dinner Cheaper and No Sign of Farm Bill Progress
The Agribusiness Update
Cooking a Thanksgiving dinner this year will cost less than last year but is still more expensive than before COVID-19, and with little sign of a breakthrough on the farm bill in Congress, farm groups are shifting their attention to a proposed $21 billion bailout bill.
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.
Lab Meats Face Financing Woes and New USDA Data for Online Shopping
The Agribusiness Update
The last 12 months have been challenging for cultivated meat and seafood companies trying to raise capital, the USDA’s Economic Research Service’s Eating and Health Module captured, for the first time, national data concerning the prevalence and frequency of Americans online grocery shopping.
California Seeing Less Snow & Rain and Deere a Hit at Consumer Electronics Show
The Agribusiness Update
Unlike 2023, California snowfall and rain has sharply diminished so far this year, and John Deere showed off its future farmer-focused technology, including radio still playing a big part of the in-cab entertainment system, at the Consumer Electronics Show in Las Vegas.
Farmer's Food Dollar Down and Farm Loan Interest Rates Rise Sharply
The Agribusiness Update
NFU President Rob Larew says farmers' share of the Thanksgiving food dollar remains low, and farm loan interest rates rise sharply in third quarter.
Mexican Considers Chemical Bans and Farm Loan Interest Rates Up Sharply
The Agribusiness Update
A group of Mexican lawmakers are attempting to ban almost 200 pesticide chemicals, and farm loan interest rates are up sharply in third quarter.
Chinese Farmland Purchases Pt 2
Washington State Farm Bureau Report
Foreign ownership of American farmland is up sharply, but U.S. Representative Dan Newhouse says we need to be more transparent in how we keep track of those transactions.
Chinese Farmland Purchases Pt 1
Washington State Farm Bureau Report
Foreign ownership of American farmland is up sharply, but U.S. Representative Dan Newhouse says we need to be more transparent in how we keep track of those transactions.
Chinese Apple Production Down and U.S. Pork to Taiwan
The Agribusiness Update
Chinese apple production down, and U.S. Pork to Taiwan surges.