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Industry Reacts to U.S. Trade Agreement with Japan
On Sunday, President Trump announced that the United States and Japan reached a trade deal in principle, that would pave the way for more exports of U.S. agricultural products to Japan. In a tweet, President Trump stated, "We have excess corn in various parts of our country with our farmers because China did not do what they said they were going to do. And Prime Minister, Abe Shinzo, on behalf of Japan, they're going to be buying all of that corn."
Sonny Perdue, U.S. Secretary of Agriculture, said, "Japan is a significant market for United States agriculture exports, making today a good day for American agriculture. By removing existing barriers for our products, we will be able to sell more to the Japanese markets." Perdue added that at the same time, the United States will be able to close gaps that allow...
USDA Details Trade Damage Estimate Calculations
U.S. Secretary of Agriculture Sonny Perdue today announced that the U.S. Department of Agriculture (USDA) Office of the Chief Economist has published a detailed accounting of how estimated damage from trade disruptions was calculated for its support package for farmers announced on July 25, 2019. USDA’s Office of the Chief Economist developed an estimate of gross trade damages for commodities with assessed retaliatory tariffs by China, India, the European Union, and Turkey to set commodity payment rates and purchase levels. USDA employed the same approach often used in adjudicating World Trade Organization trade dispute cases. “Just as we did before, we want to be transparent about this process and how our economists arrived at the numbers they did. Our farmers and ranchers work hard to feed the United States and the world, and they need to know...
USDA Forecasts U.S. Corn and Soybean Production Down from 2018
The Crop Production report issued today by USDA’s National Agricultural Statistics Service (NASS) forecasted soybean and corn production down from 2018. Soybean production is down 19 percent from 2018, forecast at 3.68 billion bushels; corn growers are expected to decrease their production 4 percent from last year, forecast at 13.9 billion bushels.
Area for soybean harvest is forecast at 75.9 million acres with planted area for the nation estimated at 76.7 million acres, down 4 percent from the June estimate, and down 14 percent from last year. Soybean yields are expected to average 48.5 bushels per acre, down 3.1 bushels from last year. If realized, the forecasted yield will be a record high in...
High Consumer Expectations, Low Levels of Appreciation Make it Tough to Be a Farmer
Add conflicting consumer expectations to the list of reasons farming is a tough row to hoe. In its new global study, Cargill found consumers had a hard-to-satisfy wish list for those who put food on our tables—with most claiming to feel knowledgeable about how our food is raised. Farmers should care most about “providing safe, healthy, abundant and affordable food,” said a majority of survey takers. Yet those same respondents would prefer their food come from smaller/specialty, local or organic farms—which can’t necessarily compete on cost.
“Farmers are foundational to feeding the world in a safe, responsible and sustainable way,” says Pilar Cruz, president of Cargill’s feed and nutrition business. “But they do so under pressure. On one hand, affordable food is central to many families’ budgets. On the other, people are questioning the farming approaches that have made food more available and affordable. Cargill sees all viewpoints because we partner with...
United States and European Union Sign Breakthrough Agreement on U.S. Beef Access to EU
The United States will be able to nearly triple its annual duty-free exports of beef to the European Union (EU) over the next seven years under a new agreement signed today at the White House.
American ranchers will be guaranteed a bigger share of Europe’s beef market, with annual duty-free exports expected to grow from $150 million to $420 million when the agreement is fully implemented.
“American ranchers produce the best beef in the world. Thanks to President Trump’s leadership, this new agreement ensures that American ranchers can sell more...
2019 Annual Report Highlights Cargill’s Commitment to Sustainable Growth
Cargill’s 2019 annual report, published today, tells the story of how the company is reaching higher to create more value for customers, accelerate its growth and sustainably nourish the world.
“We are directing our insights, capabilities and resources toward answering some of the world’s biggest questions,” said David MacLennan, Cargill’s chairman and CEO. “Everyone at Cargill is relentlessly determined to transform what is possible in food, agriculture and nutrition.” In 2019, this included enhanced policies and commitments in support of the U.N. Sustainable Development Goals, including a strengthened human rights commitment and global forest policy.
During the past 12 months, Cargill’s global team leaned into a challenging business and geopolitical environment. By remaining agile and focused on...
USDA Announces Details of Support Package for Farmers
U.S. Secretary of Agriculture Sonny Perdue today announced further details of the $16 billion package aimed at supporting American agricultural producers while the Administration continues to work on free, fair, and reciprocal trade deals.
In May, President Trump directed Secretary Perdue to craft a relief strategy in line with the estimated impacts of unjustified retaliatory tariffs on U.S. agricultural goods and other trade disruptions. The Market Facilitation Program (MFP), Food Purchase and Distribution Program (FPDP), and Agricultural Trade Promotion Program (ATP) will assist agricultural producers while President Trump works to address long-standing market access barriers.
“China and other nations have not played by the rules for a long time, and President Trump is the first President to stand up to them and send a clear message that the United States will no longer tolerate unfair trade practices,” Secretary Perdue said. “The details we announced today ensure farmers will not...
USDA Awards Agricultural Trade Promotion Funding
U.S. Secretary of Agriculture Sonny Perdue announced today that the U.S. Department of Agriculture (USDA) has awarded $100 million to 48 organizations through the Agricultural Trade Promotion Program (ATP) to help U.S. farmers and ranchers identify and access new export markets.
In May, President Trump authorized USDA to provide up to $16 billion in programs to support farmers, which is in line with the estimated impacts of unjustified retaliatory tariffs on U.S. agricultural goods and other trade disruptions. ATP is one of three programs that will assist agricultural producers while President Trump works to address long-standing market access barriers.
“China and other nations haven’t played by the rules for a long time and President Trump is standing up to them, sending a clear message that the United States will no longer tolerate...
Cargill and Ecolab Accelerate Food Industry Innovation
Recognizing the critical role that innovation plays in creating a safer and more sustainable food system, Cargill and Ecolab are supporting a second class of startups through the Techstars Farm to Fork Accelerator.
“Solving the greatest food and sustainability challenges the world faces today requires partnership and fresh, innovative ideas. These are the two key ingredients of the Techstars Farm to Fork program,” said Justin Kershaw, Cargill CIO. “Having the brightest minds in food and ag tech in Cargill and Ecolab’s backyards provides an amazing opportunity to infuse startup energy into our company, while also helping bring critical solutions to...
REPORTER: Planting Season Gets Off to a Slow Start
Canine Officers: Protecting U.S. Agriculture One Sniff At A Time
This article was originally featured in the Summer 2019 Edition of Urner Barry's Reporter magazine.
Canines have a history and reputation for being man’s best friend. However, some may not realize that dogs can also become agriculture’s best protector.
Building on such history and reputation, the U.S. Customs & Border Patrol (CBP) detector dogs are a primary benefactor for screening passengers and cargo to impede the introduction of harmful plant pests and foreign animal diseases from entering the United States. The ability to target and zero in on specific odors make the dogs priceless agents in detecting prohibited agricultural items that cannot be seen with the naked eye, or detected by a human’s sense of smell. When it comes to finding fruit, vegetables, plants, and meat products from high-risk countries...
USDA Farm Bill Implementation Progress Update
U.S. Secretary of Agriculture Sonny Perdue today announced an update on the implementation status of the 2018 Farm Bill. President Trump signed this Farm Bill into law on December 20, 2018, and the U.S. Department of Agriculture (USDA) promptly began implementing key programs. In addition, USDA held several listening sessions with stakeholders and the public specific to each agency’s respective mission areas. “America’s farmers, ranchers, foresters, and producers depend on the certainty and availability of USDA’s programs and assistance. That is why we are working diligently to implement the 2018 Farm Bill with efficiency and accuracy,” said Secretary Perdue. “We have listened to our stakeholders and consulted with our customers. As we continue to implement the Farm Bill, USDA is committed to focusing...
National Pork Producers Council Launches 'Keep America First In Agriculture' Campaign
Today, the National Pork Producers Council (NPPC) launched “Keep America First in Agriculture,” a new campaign to highlight the importance of establishing a proper regulatory framework for gene editing in American livestock.
Gene editing technology, which introduces useful genetic variation into food animal breeding programs, promises significant animal health benefits, including a natural immunity to disease and a reduction in the need for antibiotic use.
“Gene editing is a huge step forward for America’s farmers, as it offers a powerful new way to combat animal disease..."
Cargill and InnovaFeed Partner to Bring Innovative, Sustainable Feed to Animal Producers
Cargill and InnovaFeed have entered into a strategic partnership to bring sustainable and innovative feed options to the animal nutrition industry. Through the partnership, Cargill and InnovaFeed will collaborate to jointly market fish feed which includes insect protein, enabling both partners to support the growth of sustainable aquaculture.
“We recognize that the planet has finite resources,” said Pilar Cruz, president of Cargill’s compound feed business. “It is our job to find innovative feed options for our customers that protect the planet and support sustainable protein production.”
InnovaFeed’s circular economy approach brings added sustainability benefits as the company uses co-products from the agriculture production of starch and sugar to feed black soldier fly larvae known as Hermetia illucens. Once the larvae reach a certain stage, protein and oil are extracted from the larvae, to be used in feed for pets, aquaculture species and young animals like...
Strengthening the U.S.-Kenya Trade Relationship to Grow U.S. Agricultural Exports to East Africa
Kenya is an emerging middle-income country and has one of the best performing economies in sub-Saharan Africa. It serves as the commercial hub for East Africa, with coastal ports that allow for imports to be received and transported to landlocked neighbors. Kenya relies heavily on imported food and farm products, much of which the United States produces competitively. In 2018, Kenya imported $2.5 billion of agricultural products from the world.
While the country’s global imports of food and agricultural products has trended upwards, its imports from the United States have remained steady, resulting in a reduced U.S. market share as other nations increase exports to Kenya. Indonesia is currently the top agricultural exporter to Kenya.
The United States is looking to strengthen its trade relationship with Kenya and increase its agricultural exports to the country. Kenya currently boasts...
Chairman Roberts Hears from Administration on Current, Future Ag Trade Efforts
U.S. Senator Pat Roberts, R-Kan., Chairman of the Senate Committee on Agriculture, Nutrition, and Forestry, today held a hearing titled, “Certainty in Global Markets for the U.S. Agriculture Sector.”
Below are Chairman Roberts’ remarks as prepared for delivery:
"Good morning. I call this meeting of the Senate Committee on Agriculture, Nutrition, & Forestry to order.
Ambassador Doud, Undersecretary McKinney, and Dr. Johansson, we are happy to have you all back again before the Committee to discuss the need for certainty in our global agricultural markets...
NPPC Supports Executive Order to Keep America First in Agriculture
Based on recommendations by the administration’s Rural Development Taskforce, President Trump today signed an executive order to streamline regulations for agriculture biotechnology, a development welcomed by the National Pork Producers Council (NPPC).
“Agriculture is one of the crown jewels of the U.S. economy,” said David Herring, NPPC president and a pork producer from Lillington, North Carolina. “Today’s executive order paves the way for common sense regulation to keep America first in agriculture so that we remain the global leader in an economic sector that has offset the U.S. trade imbalance for decades and that is so critical for the prosperity of our rural communities.”
The executive order (EO) provides a framework to support leadership in emerging technologies such as gene editing for livestock, an innovation that promises to eliminate costly diseases that...
Developing Alternatives to Antibiotics Used in Food Animal Production
Antibiotics are a lifesaving technology widely used in human and veterinary medicine. However, the use of antibiotic drugs, by humans or animals, can also create selective evolutionary pressures that can spawn microbes and genes resistant to the drugs. Antimicrobial resistance has become a global human health concern, with widespread public and private initiatives aimed at managing resistance. Livestock agriculture is a major consumer of antibiotics and, thus, a contributor to antibiotic resistance.
As the agricultural use of antibiotics becomes a greater focus of policymakers and consumers, animal pharma—the industry that develops and markets antibiotics for food animal use—is altering its outlook on developing as well as investing in new antibiotic products. Rising awareness of antibiotic resistance has generated a number of effects, including regulations on the use of...
United States-Colombia Trade Promotion Agreement Pays Dividends to American Farmers and Exporters
The United States-Colombia Trade Promotion Agreement (CTPA) entered into force on May 15, 2012, laying the foundation for a surge in U.S. agricultural exports. Since 2012, U.S. agricultural exports to Colombia nearly tripled from $1.1 billion to $2.9 billion in 2018. Despite its geographic proximity to major U.S. competitors Brazil and Argentina, Colombia, the third-largest economy in South America, purchases half of its agricultural imports from the United States. Preferential access from CTPA and a strong Colombian economy have allowed the United States to increase its market share from 19 percent prior to CTPA, to 50 percent in 2018. Changing demographics, a growing middle-class, and consumer trends toward more modern retail outlets is expected to keep demand strong into the future for high-quality U.S. agricultural exports.
Colombian Macro-economic Trends and Changing Demographics
In addition to CPTA, political stability and a dynamic economy have contributed to Colombia becoming the United States’ 12th-largest destination for agricultural exports, up from...
Perdue Responds to UGA Study on USMCA
The University of Georgia recently published a study claiming the new United States–Mexico–Canada Agreement would cost some Georgia vegetable and fruit growers revenue and jobs. The sensational assertions are flat wrong. As a proud UGA alumnus, I’m here to tell you USMCA is good for Georgia’s farmers and all American agriculture.
Chapter by chapter, verse by verse, USMCA improves virtually every component of NAFTA and Georgia’s agriculture industry stands to gain significantly. It’s important to note we didn’t get all the improvements we wanted for seasonal fruits and vegetables. While we were hopeful we could make progress in the renewed NAFTA, USMCA isn’t a step backward. The UGA study assumed we lost ground, but the facts are it wasn’t ground we had to begin with. Since the inception of NAFTA more than 20 years ago, agricultural trade between our three countries has...
USDA Announces Support for Farmers Impacted by Unjustified Retaliation and Trade Disruption
U.S. Secretary of Agriculture Sonny Perdue today announced that the U.S. Department of Agriculture (USDA) will take several actions to assist farmers in response to trade damage from unjustified retaliation and trade disruption. President Trump directed Secretary Perdue to craft a relief strategy to support American agricultural producers while the Administration continues to work on free, fair, and reciprocal trade deals to open more markets in the long run to help American farmers compete globally. Specifically, the President has authorized USDA to provide up to $16 billion in programs, which is in line with the estimated impacts of unjustified retaliatory tariffs on U.S. agricultural goods and other trade disruptions. These programs will assist agricultural producers while President Trump works to address long-standing...
2017 Census of Agriculture Data Now Available
The U.S. Department of Agriculture (USDA) today announced the results of the 2017 Census of Agriculture, spanning some 6.4 million new points of information about America’s farms and ranches and those who operate them, including new data about on-farm decision making, down to the county level. Information collected by USDA’s National Agricultural Statistics Service (NASS) directly from farmers and ranchers tells us both farm numbers and land in farms have ongoing small percentage declines since the last Census in 2012. At the same time, there continue to be more of the largest and smallest operations and fewer middle-sized farms. The average age of all farmers and ranchers continues to ...
Cargill and Heifer Launch Hatching Hope Global Initiative
Cargill and Heifer International have joined forces to create The Hatching Hope Global Initiative. The bold initiative aims to improve the nutrition and economic livelihoods of 100 million people by 2030 through the production, promotion and consumption of poultry.
Hatching Hope will work directly with women smallholder farmers, initially in India, Mexico and Kenya. The program helps farmers not only feed their families but also become part of the solution to bridging the global food and nutrition security gap, while boosting local economies and providing nutrition education.
“We believe that the key to ending hunger and poverty is for farmers to be able to earn a living income,” said Pierre Ferrari, president and CEO of Heifer International. “Through Hatching Hope, we’re investing in smart, resourceful women farmers, working with them to improve...
House Members Defend Agriculture in EU Trade Agreement
Today, 114 House members led by Reps. Walorski (R-Ind.), Kind (D-Wis.), Foxx (R-N.C.) and Craig (D-Minn.) sent a letter to U.S. Trade Representative Robert Lighthizer in support of keeping agricultural products as a key negotiating objective in any proposed trade agreement with the European Union (EU). The European Commission has specifically excluded agricultural products in draft negotiations and Commission officials continually state their unwillingness to include agriculture in the negotiation process.
“As you know, agriculture is the source of a great number of trade barriers and irritants in the U.S.-EU trading relationship. Thus, an agreement with the EU that does not address trade in agriculture would be, in our eyes ...
MarketsandMarkets: Food & Agriculture Technology and Products Market Worth $729.5 Billion by 2023
The report "Food & Agriculture Technology and Products Market by Industry (Animal, Agriculture, Cold Chain, Food & Beverage, and Cannabis), and Region (North America, Europe, Asia Pacific, Rest of the World) - Global Forecast to 2023", published by MarketsandMarkets™. The global food & agriculture technology and products market size is projected to grow from USD 494.9 billion in 2018 to USD 729.5 billion by 2023, at a CAGR of 8.1% during the forecast period.
The major factors driving the food & agriculture technology and products market include an increase in demand and consumption of livestock-based products and seafood, the rise in consumer awareness about food safety, governments' support to adopt modern agricultural techniques, and demand for agricultural production due ...
USDA Releases Statement on President Trump's Budget Proposal
U.S. Secretary of Agriculture Sonny Perdue issued the following statement after President Trump submitted his FY 2020 budget proposal to Congress:“Our economy is booming, and unemployment is the lowest it’s been in decades. While the agriculture community still faces challenges, the Trump economy is creating new opportunities for all Americans to thrive,” said Secretary Perdue. “President Trump’s budget is fiscally conservative and lays out a vision for an accountable federal government that cuts spending. With our national debt soaring to over $22 trillion, we can no longer ...
USMEF Economist Stresses Importance of Trade with Japan at USDA Outlook Forum
The importance of Japan as a trading partner for U.S. agriculture was the focus of a Feb. 22 panel discussion at the USDA Agricultural Outlook Forum in Arlington, Virginia. U.S. Meat Export Federation (USMEF) Economist Erin Borror explained that Japan is the leading value destination for both U.S. beef and U.S. pork, with 2018 exports expected to reach $2.1 billion and $1.65 billion, respectively, when year-end data is available. But Borror also cautioned that the competitive terrain in Japan has gotten steeper for U.S. red meat due to Japan’s preferential trade agreements with Australia, the European Union, Canada, New Zealand, Mexico and Chile, and this situation will worsen unless the United States secures similar access terms with Japan.
Borror noted that U.S. beef export value per head of fed slaughter averaged a record $320.72 in 2018, up 14 percent year-over-year and shattering the previous high ($300.36) set in 2014. Japan accounts for one-fourth of this total, or $82.75 per head. The ratio is similar for ...
Smithfield Foods Achieves Industry-Leading Environmental Commitment
Smithfield Foods, Inc. is pleased to announce that it has successfully engaged 80 percent of its grain supply chain, which is used to feed the company’s hogs, in farming practices that are both sustainable and reduce the cost of production for grain farmers. This exceeded the company’s original goal of 75 percent. In 2018, Smithfield purchased grain from producers who use efficient fertilizer and soil health methods across approximately 560,000 acres of land.
Grain production is the first step in the vertically integrated company’s supply chain, making this accomplishment one of the key ways Smithfield is working toward its ambitious goal to reduce greenhouse gas (GHG) emissions 25 percent by 2025 throughout its entire supply chain – the first commitment of its kind from a protein company.
“This accomplishment is a significant milestone in our company’s holistic approach to reducing carbon emissions across our entire supply chain ...
USDA Awards Agricultural Trade Promotion Program Funding
U.S. Secretary of Agriculture Sonny Perdue today announced that the U.S. Department of Agriculture (USDA) has awarded $200 million to 57 organizations through the Agricultural Trade Promotion Program (ATP) to help U.S. farmers and ranchers identify and access new export markets. The ATP is one of three USDA programs created to mitigate the effects of unjustified trade retaliation against U.S. farmers and exporters. USDA’s Foreign Agricultural Service (FAS) accepted ATP applications between September 4 and November 2 – totaling nearly $600 million – from U.S. trade associations, cooperatives, and other industry-affiliated organizations. USDA has released a list of the ATP funding recipients.
President Donald J. Trump authorized up to $12 billion in programs to provide assistance to U.S. agriculture through a trade mitigation package announced by Secretary Perdue on September 4, 2018. In addition to the $200 million allocated to the ATP, the package also ...
Secretary Perdue Statement on Reopening the Federal Government
U.S. Secretary of Agriculture Sonny Perdue today issued the following statement in response to President Donald J. Trump’s announcement of reopening the federal government:“President Trump’s announcement of the reopening of the federal government is welcome news, as it will bring thousands of our employees back to work and return us to our mission of providing our customers with the services they rely upon. I extend my sincere thanks to the thousands of USDA workers who stayed on the job during the shutdown to offer as many of ...
Cargill Invests Digital Engineering to Support Hyperledger Grid
In a nod to its open-first technology principle to help address the world’s most significant food challenges, Cargill is investing its own digital engineering to aid the success and adoption of Hyperledger Grid. The latest project in Hyperledger’s portfolio of open-source frameworks and tools, Hyperledger Grid is created to accelerate development of blockchain and other digital solutions for the global food and agriculture supply chains.
“Hyperledger Grid is another way to help make food and agricultural supply chains more inclusive – creating new markets for farmers and developing economies,” said Keith Narr, vice president, Cargill Digital Labs. “With our wide set of food and agricultural supply chain data, Cargill is leading the industry to work together and improve traceability, trade, food safety, nutrition, farmer livelihoods and ...
USTR Publishes Negotiating Objectives for U.S.-EU Trade Talks
The Office of the U.S. Trade Representative (USTR) recently published a summary of negotiating objectives for U.S.-European Union (EU) trade talks. The Trump Administration last year notified Congress of its intention to negotiate a trade agreement with the EU and solicited public comments to inform its priorities. The U.S.’s top objective is to improve its trade balance and reduce its trade deficit with the E.U., which totaled more than $151 million in 2017.
The summary also details the U.S.’s priorities for transatlantic agricultural trade. According to USTR, a U.S.-EU trade agreement should secure comprehensive market access for U.S. agricultural goods in the EU by reducing or eliminating tariffs and non-tariff barriers that discriminate against U.S. agricultural goods. Moreover, USTR intends to...
Cargill to Grow Pakistan Business with US$200 Million Investment
Cargill renewed its long standing commitment to Pakistan by announcing plans to invest more than US$200 million in the next three-to-five years. The announcement was made in the meeting when Cargill’s global executive team, led by Marcel Smits, head of Global Strategy and Chairman, Cargill Asia Pacific region, and Gert-Jan van den Akker, president, Cargill Agricultural Supply Chain, met with the Honorable Prime Minister of Pakistan, Mr. Imran Khan and other senior government officials to discuss the company’s future investment plans.
Being a global food and agriculture producer with a strong focus on Asia, Cargill aims to partner in Pakistan’s growth by bringing its global expertise and investment into the country. The company’s strategy includes expansion across its agricultural trading and supply chain, edible oils, dairy, meat and ...
Tyson Foods and EDF Launch Partnership to Accelerate Sustainable Food Production
Tyson Foods, Inc. (NYSE:TSN) and Environmental Defense Fund (EDF) today announced a new partnership to develop and deploy initiatives that support Tyson’s sustainability strategy and help meet increasing consumer demand for more sustainably grown food.
The partnership’s first project focuses on land stewardship and aims to pilot and scale agriculture practices on 500,000 acres of corn that reduce greenhouse gas emissions (GHG), improve water quality and maximize farmer profitability. This effort will also help Tyson meet its land stewardship goal of ...
When it Seemed People were Growing more Detached from Farming, “Generation Yum” Delivered a Surprise
Young people are living up to the “Generation Yum” label coined by author Eve Turow with their connection to the people, places and practices that raise our food—according to new research from Cargill.
“I’m thrilled that people are deepening their understanding of agriculture,” said Hilary Maricle, co-owner of Maricle Family Farms in Nebraska, U.S., and mom of five. “By creating harmony between farmers and consumers, we can help people appreciate where their food comes from—and how innovative practices are creating healthier, more sustainable farms ...
Statement of Secretary Perdue on President Trump’s Signing of the Farm Bill
U.S. Secretary of Agriculture Sonny Perdue today celebrated President Trump’s signing of the 2018 Farm Bill and issued the following statement: “This is a great day for our farmers, ranchers, foresters, and producers, as President Trump’s signature on this bill is a Christmas present to American agriculture. Farmers take financial risks every year as a matter of doing business, so having a Farm Bill in place gives them peace of mind to make their decisions for the future. Since early talks on this Farm Bill began back in 2017, I’ve always believed it would be more evolutionary, rather than revolutionary, and that has borne out to be true.“The bill bolsters farm safety net programs, protects federal crop insurance, and maintains strong rural development and research initiatives. The legislation reinvents ...
COFCO International Joins Initiative to Modernize Global Agricultural Commodity Trade Operations
COFCO International Ltd (“COFCO International”) is partnering with Archer Daniels Midland Company (NYSE: ADM) (“ADM”), Bunge Limited (NYSE: BG) (“Bunge”), Cargill Incorporated (“Cargill”), and Louis Dreyfus Company (“LDC”) to standardize data and digitize global agricultural shipping transactions. Together, the companies are looking to increase transparency and efficiency for customers through digital technologies, such as blockchain and artificial intelligence.
“We are pleased to join this initiative as a founding member,” said Johnny Chi, Chairman and CEO of COFCO International. “Emerging technologies like blockchain give us the opportunity to create a transparent, secure and efficient platform and transform global agricultural trade operations. Our shared vision is to develop a new standard available to everyone, bringing ...
NTF Applauds Passage of 2018 Farm Bill
The National Turkey Federation (NTF) released the following statement on passage of the 2018 Farm Bill Conference Report by the U.S. House of Representatives and U.S. Senate:
“The 2018 Farm Bill represents an unprecedented investment in animal health. The health of the turkey industry depends upon the health of our flocks. The National Turkey Federation applauds passage of the Farm Bill and the inclusion of key provisions to help make certain animal health is a priority and that there is a coordinated effort in place to address any threats. The creation of the National Animal Disease Preparedness and Response Program, along with mandatory funding, will provide the tools and resources animal agriculture needs to help prevent, identify and respond to disease outbreaks.
“The National Turkey Federation has been working alongside members of the animal agriculture industry for several years to see these tools to strengthen animal health become a reality. The threat of...
Congress Passes 2018 Farm Bill; Trump To Sign It
The National Pork Producers Council praised Senate and House lawmakers for today approving the 2018 Farm Bill, which includes important mandatory funding for animal disease prevention and preparedness efforts. President Trump is expected to sign the legislation into law in the coming days.
“Obviously, the Farm Bill is extremely important to American agriculture,” said NPPC President Jim Heimerl, a pork producer from Johnstown, Ohio. “The 2018 bill is particularly good for livestock agriculture because it includes funds that will help protect our animals, our food supply and our economy from foreign animal diseases.”
The five-year agricultural blueprint includes $120 million for the first four years for animal health and disease preparedness, requiring at least $5 million a year for the National Animal Disease Preparedness Program. Money can be allocated for...
Statement of Secretary Perdue on Passage of the Farm Bill
U.S. Secretary of Agriculture Sonny Perdue today hailed the passage of the 2019 Farm Bill. The House of Representatives approved the conference report on the bill this afternoon, following the Senate’s passage yesterday.Perdue issued the following statement:“The passage of the 2019 Farm Bill is good news because it provides a strong safety net for farmers and ranchers, who need the dependability and certainty this legislation affords. This Farm Bill will help producers make decisions about the future, while also investing in ...
Smithfield Foods Announces Nearly $45 Million Investment in Sioux Falls Operations
Smithfield Foods, Inc. is investing nearly $45 million and adding 70 new jobs to its Sioux Falls, South Dakota, operations. The investment includes renovating a high-speed bacon line, a ground seasoned pork operation, and the distribution center, as well as the rebuilding of a facility that houses more than 8,000 hogs. This investment and expansion will help Smithfield meet the increasing domestic demand for bacon and international demand for ground seasoned pork, a growing category in export markets.
“At Smithfield, we’re committed to our continual investment in our facilities and farms in Sioux Falls,” said Kenneth M. Sullivan, president and chief executive officer for Smithfield Foods. “In the past five years, we have invested more than ...
Farm Bureau Calls for Final Farm Bill Approval
The following statement regarding the House and Senate Ag Leaders’ announced “agreement in principle” on the 2018 Farm Bill conference report may be attributed to American Farm Bureau Federation President Zippy Duvall.
"The 2018 farm bill emerging from the conference committee is good news for farmers amid a prolonged downturn in the agricultural economy. Chairmen Roberts and Conaway and Ranking Members Stabenow and Peterson made the bill a priority for this Congress, and all Americans—farmers and consumers—are better off for it.
“Continued access to risk management tools, assistance in foreign market development, and conservation and environmental stewardship programs within the legislation are especially important for farmers and ranchers. These programs will help provide certainty to rural America at a time when it is...
FAO Food Price Index Down in September Amid Robust Supplies
Rome - Global agricultural food commodity prices fell in September due to growing inventories of key staples.
The FAO Food Price Index declined 1.4 percent from August and is now 7.4 percent below its level during September 2017.
The FAO Cereal Price Index dropped 2.8 percent, led by maize as expectations of a very large crop in the United States of America pushed export quotations down. International prices of rice and wheat also fell during the month, the latter due primarily to ongoing strong sales and shipments from the Russian Federation.
The FAO Vegetable Oil Price Index posted its eighth consecutive monthly decline, dipping 2.3 percent to a three-year low. Palm oil prices registered the sharpest decline, as large inventories in major exporting countries weighed on price quotations, which are now 25 percent below their level of a year ago...
USMCA: What They Are Saying About the New Trade Deal
Iowa Secretary of Agriculture Mike Naig: “This is the welcome news our farmers need as they bring in this year’s harvest and plan for 2019. Canada and Mexico are our first and second largest trading partners. This agreement brings much needed certainty to our producers and ensures access to these critical markets going forward.”Kentucky Commissioner of Agriculture Ryan Quarles: “Excited to hear about the new trade deal with Canada and Mexico. Our producers need the certainty that comes from trade. Looking forward to getting the full details of #USMCA in the coming days #KyAg365."Louisiana Department of Agriculture & Forestry Commissioner Mike Strain: “I’m pleased that Canada and Mexico have taken this important step in the right direction toward fair trade and increased market access for American farmers and ranchers. The deal includes key provisions regarding U.S. wheat, dairy, poultry and eggs. I’m hopeful the USMC deal will fuel a renewed effort to improve trade tensions with China, a major agricultural market for...
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AgriBriefing Launch Pioneering Industry Wide Survey on Women in Food and Agriculture
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