Agriculture Policy News
From federal agencies to state governments, actions taken by elected officials and policymakers have a direct impact on America’s farmers and ranchers. Stay up-to-date on all things related to policy, including cabinet leadership, the farm bill, farmer-support programs, market access, environmental regulations, labor availability and the health of the ag economy.
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Latest Agriculture Policy News
Vince Boddicker with Farmers Trading Company says soybeans are mostly lower seeing some Turnaround Tuesday profit taking but the grains are also hearing up for the USDA reports Friday.
With Congress passing another extension, some economists suggest a new reality may be setting in: the era of comprehensive Farm Bills could be ending, replaced by a piecemeal approach in Washington.
Live and feeder cattle futures are extending gains after a higher close on Friday. Brad Kooima, Kooima Kooima Varilek, says he is encouraged a low may be forming in both markets.
Jerry Gulke, president of the Gulke Group, says private estimates for national corn yield range from 182 to 186. However, he expects a bearish report because yields may be higher than expected.
Soybeans bounced on Friday and were up Matt Bennett with AgMarket.Net says to go back and retest this week’s highs or move to new highs soybeans will need to see proof of China purchases.
A new report spotlights how agricultural acquisitions and business strategy linked to the Chinese government have amassed production and power, and it’s being called into question by policy thinktank America First Policy Institute (AFPI).
Growers say they remain cautiously optimistic and believe the U.S. is “headed in the right direction.” But they want the gridlock with China to end and for actual steps to be taken to get their crops sold and shipped.
As fertilizer prices and demand hold firm this fall, Josh Linville with Stone X Group warns prices could climb higher if reported government aid payments arrive this year.
Details are minimal so it’s not clear how there will be enough staff to provide the Milk Production, Crop Production, Cattle on Feed and WASDE reports with many still furloughed.
Strong production numbers and government policies support the thesis of higher costs for longer.