Jim Wiesemeyer

Jim Wiesemeyer was a Pro Farmer contributor as the Washington Bureau Chief. His columns provided expertise and insight on farm policy, trade policy and Washington politics.

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The move is contingent on legislative action, which would temporarily lift the 18.3 cents tax per gallon on gasoline and 24 cents tax per gallon on diesel during the summer months.
Economists see interest-rate increases raising likelihood of recession to 44% in coming 12 months.
The Cattle Price Discovery and Transparency Act and Meat and Poultry Special Investigator Act are both expected to get votes ad approval from the Senate Ag Committee this week, despite expected Republican opposition.
Tensions between Russia and the West are escalating as Russian President Vladimir Putin warned that Moscow would strike new targets if the U.S. supplied long-range missiles to Ukraine, according to Russian state media.
USDA ‘s weekly Export Sales data for the week ended May 26 showed net sales of U.S. cotton for both old- and new-crop delivery with additional sales of sorghum but cancellations of old-crop soybean sales.
Transforming the U.S. food system by improving supply chains and addressing issues exposed by the Covid-19 pandemic was detailed by USDA Secretary Tom Vilsack during a speech at Georgetown University.
Shanghai offered some tax rebates for companies and allowed all manufacturers to resume operations from June as authorities rolled out policies to revitalize an economy impacted by Covid-19 lockdowns.
Fertilizer prices, led by CF Industries, fell in Thursday’s trading. Nitrogen prices reportedly plunged 30%, partly due to demand destruction.
USDA is making $200 million available to create a new meat processing capacity expansion program, providing $25 million for workforce training under the Meat and Poultry Intermediary Lending Program (MPILP).
USDA raised its estimated range of 6.5%-7.5% y/y increase from a range of 5%-6%, according to the May Food Price Outlook report, the highest forecast for all food prices and restaurant prices since 1981.