Trade
As agriculture faces multiple challenges, USDA’s latest net farm income forecast is masking the reality for farmers. While livestock margins have improved for 2024, high input costs and below breakeven prices for row crops means margins could be the worst in nearly 20 years.
A Virginia Tech report finds global agricultural productivity growth has slowed from 1.9% to 0.7% annually.
USDA forecasts agricultural exports at $173.5 billion and imports at a record $204 billion for a projected record trade deficit of $30.5 billion.
Union head vows to stay on strike ‘as long as necessary’ as the first strike since 1977 halts the flow of goods, ranging from bananas to beef, pork and poultry to industrial materials, leading to potential shortages and price hikes.
The group of terminal operators and ocean container lines said their new offer would increase wages by nearly 50%, triple employer contributions to union retirement plans, strengthen health care options, and retain the current language around automation and semi-automation.
In response to John Deere’s recent announcement about moving some of its production to Mexico, Trump expressed concern about the impact on American workers, stating, “It’s hurting our country. It’s hurting our workers.”
While bulk grain exports would be largely unaffected, the strike would impact containerized agricultural exports: Soybeans, soybean meal, and other agricultural products exported via containers would be affected.
The contract between the International Longshoremen’s Association and the United States Maritime Alliance is set to expire on Sept. 30. Negotiations between the two parties have stalled, raising concerns about a possible strike starting Oct. 1.
The effects are already visible, with declining French barley exports to China and the U.S. struggling to sell corn for the new season.
On the heels of the recent debate, we’d like to know which presidential candidate, Democrat Kamala Harris or Republican Donald Trump, you believe will have a more positive impact on agriculture.
Agricultural imports are expected to reach a record $212 billion, up $8 billion from FY 2024. This increase is largely due to rising imports of horticultural products, sugar and tropical products.
Unless labor agreements are reached, Canadian National Railway and Canadian Pacific Kansas City will shut nearly all freight rail services in Canada at midnight on Thursday, snarling shipments of everything from wheat to fertilizer and meat.
EPA has launched investigations into the supply chains of at least two renewable fuel producers amid industry concerns that some may be using fraudulent feedstocks for biodiesel to secure lucrative government subsidies.
The classification would have boosted exports and reduced tariffs on goods from country that is rising supply chain alternative to China.
At this week’s Republican National Convention, the GOP confirmed their ticket for the 2024 presidential race while calling for unity in America following the assignation attempt on candidate Donald Trump. Meanwhile, there’s growing pressure among Democrats for President Joe Biden to step away from the race.
A new president of Mexico will be elected on June 2. The two front-runners in the presidential race are both pro trade with the United States. That’s good news for U.S. farmers and livestock producers.
The Commission has agreed to advance a petition by Corteva Agribusiness to place anti-dumping and countervailing duties on imports of 2,4-D. NCGA says a decision to impose tariffs would negatively impact farmers.
During a discussion on AgriTalk, the Senator said he supports free trade and believes that tariffs can create more problems instead of solutions. He also was less than enthusiastic about the GREET Model.
Chicago wheat futures rose on Thursday as Russia declared a state of emergency in key grain-growing regions due to frosts, while corn and soybeans also edged up.
Dr. Vince Malanga shares insights on the U.S. economic outlook, and what areas demand the most attention.
The government of China has come a long way in developing its agricultural sector over a relatively short period. Since 2000, the real value of China’s agricultural production has increased more than 530 percent.
India and four European countries, namely Switzerland, Norway, Iceland, and Liechtenstein, have finally signed a free trade pact after 16 years of negotiations. The impact could come in job creation.
Major disruptions to shipping through the Panama and Suez canals, occurring for very different reasons, are contributing to the recent spike in ocean freight rates.
From drought issues posing problems in the Panama Canal to growing tensions and attacks in the Red Sea, it’s causing freight rates to skyrocket and ongoing delays in shipping products around the globe.
AgriTalk has extended an invitation to all the 2024 presidential hopefuls to join Host Chip Flory and answer five standard questions about what they would focus on once in office.
“In this market, there’s a lot of risk from the farm gates to the retail side. So more conversation goes along way this year,” Josh Linville says.
Dredging the Mississippi River to a depth of 50' allows 500,000 more soybean bushels to be loaded per vessel, which helps lower freight rates and adds to the value of the soybeans exported.
The port of South Louisiana is the No. 1 export port for grain by volume in the U.S., so it’s important for U.S. farmers getting their product to export markets.
An increase in crushing capacity means there’s going to be more soybean meal available for export. To prepare for that transition, infrastructure improvements are being made at the Port of Grays Harbor in Washington.
This fall, Farm Journal’s Chip Flory and Michelle Rook traveled to the Port of Grays Harbor in Washington and the Port of South Louisiana. Here’s what they learned about two very different ports with two important jobs.