All major U.S. animal protein sources experienced growth in exports in the first half of 2018 compared to the same period in 2017. The Department of Agriculture’s Economic Research Service said this week that trade data for the first half of the year indicate year-over-year growth for U.S. exports of all major meats as well as dairy and eggs. Dairy …
Refiner Waivers Could Cost Ethanol Industry $20 Billion
New research estimates the U.S. ethanol industry could lose 4.6 billion gallons of domestic demand and $20 billion in sales from the administration’s approach to the Renewable Fuel Standard. Economists at the University of Missouri estimated the losses over the next six years, if the Environmental Protection Agency continues exempting dozens of small refiners from their blending obligations under the …
Monthly Tractor, Combine Sales Increase
Farmers and ranchers purchased more combines and tractors last month according to the latest data from the Association of Equipment Manufacturers. The latest monthly report shows tractor sales were up 14 percent in August, compared to the same period last year, and combine sales were up 23 percent for the month. Two-wheel- drive tractors under 40 horsepower sales increased 19 …
Farm, Ethanol Groups Urge President to Restore Integrity to RFS, Allow Year-Round E15 Sales
In a letter to President Trump, the American Farm Bureau Federation, National Corn Growers Association, National Farmers Union, National Sorghum Producers, American Coalition for Ethanol, Growth Energy, and Renewable Fuels Association urged the administration to act immediately to restore the integrity of the Renewable Fuel Standard (RFS) and allow year-round sales of E15 and other mid-level ethanol blends. The groups …
Farm Bill Extension Not Ruled Out
Getting a farm bill done before current law expires at the end of this month may not happen, as congressional leaders have not ruled out an extension. The 2014 farm bill expires on September 30th, and lawmakers have few days this week to iron out differences between the House and Senate versions of the new farm bill. Politico reports leaders …
NAFTA Main Sticking Point Indeed is Dairy
Negotiators from Canada returned to Washington, D.C. Tuesday in an effort to reach a deal on the North American Free Trade Agreement (NAFTA). Canadian Foreign Minister Chrystia Freeland joined U.S. Trade Representative Robert Lighthizer as the U.S. looks to wrap up talks with Canada quickly. However, talks are not expected the rest of the week with a looming hurricane along …
Indonesia and Australia Commit to Trade Agreement
Indonesia and Australia last week concluded negotiations on the Indonesia-Australia Comprehensive Economic Partnership Agreement. The partnership deepens the trade ties between the countries, benefiting a multitude of industries, including agriculture. The National Pork Producers Council says the organization is pushing for full access to the Australian market, noting that pork is the largest U.S. agricultural export to Australia. However, NPPC …
2019 Farmland Rental Rates Expected Steady with 2018
Farmland rental rates are not expected to change much in 2019. A new forecast by Farmers National Company predicts cash rental rates for 2019 to stay the same as 2018, for the most part. The company notes that despite current low grain prices, many farmers had the opportunity to forward price corn and soybeans at similar or better prices than …
Hurricane Changes Fly-in Schedule for Ag Groups
Hurricane Florence is adding another wrinkle to the farm bill process as farmers are being asked to return home Wednesday (09.12.18) as part of the National Pork Producers Council legislative fly-in. Pork producers this week were there to talk trade, the farm bill and labor issues with lawmakers, according to the Hagstrom Report. NPPC also seeks “proper regulatory authority for …
National Dairy Council New Product Competition Underway
The National Dairy Council New Product Competition seeks the next dairy product from college students across the United States and Canada. The eighth annual competition is for students to develop a dairy or dairy-based product to “satisfy consumers’ desire for performance nutrition.” A judging panel consisting of experts from across the dairy industry will award $16,000 in cash prizes, with …