The Government Accountability Office is recommending that Congress considers directing the Department of Agriculture to adjust the expected rate of return for crop insurance. In 2010, USDA negotiated a set rate of return with crop insurance providers. The return is how much companies can profit from insurance policies. In a report released last week, the GAO found that the expected …
NAFTA Nations Sign Non-Disclosure Agreement
The U.S., Canada, and Mexico signed non-disclosure agreements before negotiations of the North American Free Trade Agreement got underway. Officials from Mexico last week confirmed the non-disclosure agreements to Reuters, which reports that the first round of talks this month concluded with signs of deep division on key issues. Per the non-disclosure agreements, each government is barred from distributing texts, …
New Food Labeling Regulation in Development by USDA Should Not Disparage Biotechnology, Mislead Consumers
As the U.S. Department of Agriculture (USDA) prepares to develop a regulatory standard for the labeling of bioengineered food ingredients, it must ensure that consumers receive clear, accurate information about the foods they eat, according to the National Milk Producers Federation (NMPF). In comments filed with USDA’s Agriculture Marketing Service, NMPF said it supports a strict, science-based approach in determining how foods …
Agriculture Looks for Ways to Boost Exports
Agriculture is looking for every way possible to boost farm exports, at a time when other trade avenues seem to be limited or closed. TPP is off the table, the NAFTA renegotiations may or may not bear fruit, and U.S.-imposed sanctions on China over North Korea could invite retaliation. So where does U.S. agriculture go? One answer came recently when …
Swine Disease Monitoring System in Development
Farm Journal’s Pork Network Dot Com reports the Swine Health Information Center has funded a nearly real-time monitoring system for swine disease across the globe. The system will include the capability for identifying potential hazards due to new diseases or potential changes in current diseases. It will also be able to screen the information collected and regularly report it to …
Amazon Cleared to Take Over Whole Foods
The Federal Trade Commission cleared Amazon to officially take over Whole Foods. Politico’s Morning Agriculture Report says Amazon will spend $13.7 billion to acquire the Austin, Texas-based high-end food grocery store chain. The FTC wrapped up its investigation and found no anticompetitive effects sufficient to block the deal. Acting competition bureau chief Bruce Hoffman says, “Based on our investigation, we’ve …
McDonald’s Announces Global Antibiotic Phase Out
McDonald’s Corporation announced it’ll be expanding its effort to cut back on the use of antibiotics critical to human health across the global chicken supply. The fast food giant will require its poultry suppliers to phase out drugs categorized under the highest priority category in the World Health Organization’s four categories by January of next year. Those antibiotics will disappear …
IBM Announces New Food Traceability Program
A group of companies in the global food chain announced a partnership with IBM intended to give consumers more confidence in the global food system. The group includes companies like Walmart, Nestle, Tyson Foods, and many others. They’ll work with IBM to find areas in the global supply food chain that can benefit from the IBM program Blockchain. An IBM …
Stabenow Supports Call to Withdraw Clovis Nomination
Democrats Charles Schumer of New York and Brian Schatz of Hawaii called for President Trump to withdraw the nomination of Sam Clovis as USDA Undersecretary for Research, Education, and Economics. The Hagstrom Report says shortly the announcement, Michigan Democrat Debbie Stabenow says that if the Clovis nomination isn’t withdrawn, she will highlight his comments on minorities, gays, Barack Obama, and …
Brazil Slaps Tariff on U.S. Ethanol
The Brazilian Agriculture Minister announced on Wednesday that the country’s Chamber of Foreign Trade approved a recommendation to impose a 20 percent tariff on U.S. ethanol imports after a 600 million liter tariff rate quota. Brazilian media are reporting the tariff will be in effect for two years. This will make it much more difficult for U.S. ethanol to access …