Exports of U.S. beef continued to build momentum in July, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Pork exports were also well above year-ago levels in July, led by a value record for shipments to Mexico. As USMEF President and CEO Dan Halstrom explains in this audio report, July beef exports totaled 110,419 metric tons …
USDA Forecasts an Increasing Trade Deficit in 2025
The USDA forecasted the agricultural trade deficit to increase sharply to a record $42.5 billion in the coming fiscal year. That compares to $30.5 billion this fiscal year, which ends September 30. The widening trade gap, a source of frustration for many farmers and ag-state lawmakers, reflects an expected $8 billion increase in agricultural imports in fiscal year 2025 to …
Trade Caucus Update
A congressional caucus continues working to improve trade for U.S. agriculture. The bipartisan Congressional Agricultural Trade Caucus launched earlier this year and works to solidify support for trade policies that benefit all those along the food and agricultural supply chains. Co-Chair Nebraska Republican Representative Adrian Smith highlights work of the Caucus. “We have been promoting the aspects of why trade …
Agriculture Export Challenges for 2025
U.S. Agriculture exports will face challenges in Fiscal Year 2025. That’s coming up on This Land Of Ours. Gary Crawford and USDA Chief Economist Seth Meyer has the story. Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Easing Trade Obstacles with Colombia Through Seminar
With support from the National Pork Board and the Beef Checkoff Program, U.S. Meat Export Federation (USMEF) recently joined USDA staff in meetings with Colombian officials designed to build a better understanding of the industry both in the U.S. and Colombia. The seminar was born out of a string of challenges that have popped up for exporters sending U.S. red …
COVID Shipping Problems Remain
Though the global COVID pandemic officially ended more than a year ago, many of the issues we saw during that time remain, especially when it comes to agricultural shipping. Supply chain issues have persisted since COVID, and Tiffany Comprés, a partner at Pierson Ferdinand law firm with experience in agricultural shipping, believes the next few months will be tight. “But …
Possible Erratic Trade this Week
Beings this is the last week of the month, Mark Oppold notes we could see erratic trading taking place throughout the week. Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Mexico’s Leadership Change Could Bring Trade Changes
Mexico’s election last week means a change in leadership for the nation and possible changes in trade with the United States. Claudia Sheinbaum won the election and will take over current President Andres Manuel Lopez Obrador later this year. Jacqui Fatka, the lead economist for farm supply and biofuels in CoBank’s Knowledge Exchange research division, says it could have an …
Tribal Ag Trade Mission a First
It’s the first USDA trade mission of its kind. That’s coming up on This Land of Ours. USDA conducts its inaugural agricultural trade mission centered on expanding global market access for tribal farm and food producers later this month. Rod Bain has more. Listen to Rod Bain’s This Land Of Ours program here. USDA Embarks on First-ever Trade Mission Focused on …
Mexico’s New President Vows Commitment to USMCA
Mexico’s new president vows commitment to the USMCA. That’s coming up on This Land of Ours. Mexico has a new president, and that could have implications for U.S. farm trade with our number one foreign market. Claudia Sheinbaum became the first woman and first Jewish person elected president of predominantly Catholic and patriarchal Mexico. But American Farm Bureau senior director …