Trade
Mexico on Monday announced a new decree, effectively banning imports of GMO corn. Following the declaration, Mexico quickly softened it’s stance after facing backlash from the Biden administration.
While Beijing denies the balloon that flew over the U.S. in early February was a government spy vessel, market analysts warn farmers the situation could ultimately impact export demand down the road.
With the expansion of the U.S. soybean processing industry due to the push for green fuels farmers are looking for a new home for the extra meal...and they’re finding it in Morocco.
The 2018 farm bill was stamped with a $428 billon price tag when passed. With the bill set to expire on Sept. 30, here’s a breakdown of the topics ag groups look to push on the negotiating table.
Mexico’s new decree will indicate that if U.S. GMO corn passes the sanitary filters of the Federal Commission for Protection against Sanitary Risks (Cofepris), it will have no problem entering Mexico.
The Senate on Wednesday confirmed Alexis Taylor for Under Secretary of Agriculture for Trade and Foreign Agricultural Affairs. According to Taylor, her priorities include addressing export markets and food insecurity.
“With 90% of corn acreage in the U.S. being planted to biotech seeds and Mexico being the number one purchaser of U.S. corn, I’m concerned this decree is not being met with urgency it deserves,” said Sen. Grassley.
While Mexico wants to reduce its imports of corn by 30% to 40% by 2024, Mexico’s Deputy Ag Minister Victor Suarez told reporters that it cannot replace its imports of U.S. corn for livestock feed.
Reps. Dusty Johnson and Jim Costa on Tuesday introduced the Safer Highways and Increased Performance for Interstate Trucking (SHIP IT) Act to expand the trucking workforce and offer flexibility in times of need.
U.S. officials told Mexico its approach on biotech crops are still “not grounded in science,” and will face a USMCA battle if the matter is not resolved.