From the election to world trade, as well as geopolitical factors that have the potential to shape agriculture in 2024, the December Ag Economists' Monthly Monitor shows the possibility of several economic surprises.
While the U.S. and EU aim to make progress during an upcoming summit, reaching a final agreement is uncertain. This issue has significant implications for U.S./EU ties, climate goals, and geopolitics.
While ag economists continue to be at odds when it comes to the likelihood of a recession in the U.S., some doubt the country's biggest importers will be able to avoid a recession over the next 18 months.
Speaker McCarthy agreed that the House wouldn’t lift the debt ceiling unless Congress slashes federal spending next fiscal year. Because of this, Bank of America is telling clients to expect a debt default this fall.
If the nation’s debt hits $31.4 trillion—it’s on track to do so by this Thurs.—the Treasury will need to take “extraordinary measures” to help pay the government's operations and ward off a historic default.
China moved to close parks, malls and museums on Tues. as COVID-19 cases hit near-record levels. Lockdowns follow reports that, days before COP27, Xi sent policy and business advisers to New York to meet U.S. executives.
Brazil was plunged back into a political crisis reminiscent of last year’s impeachment saga following reports that President Michel Temer was embroiled in an alleged cover-up scheme involving the jailed former speaker of the lower house of Congress.
China will finally open its borders to U.S. beef while cooked Chinese poultry is closer to hitting the U.S. market as part of a U.S.-China trade agreement.
Skepticism over record-breaking crop production estimates explains why the market shrugged off the “hugely bearish” USDA Aug. 12 report, according to Jack Scoville of the Price Futures Group.
Cargill Inc. is continuing to review its sprawling array of businesses as the largest closely held U.S. company tries to recover profitability lost amid a slump in agricultural prices and some commodity-trading missteps.
For Bruno Dufayet, the latest round of trade talks between the European Union and the U.S. could sound the death knell for France’s small cattle farms.
JBS SA may have become too cheap to ignore. That’s what at least five of the analysts that cover the company said in the last couple of weeks, saying the shares of the world’s largest meat producer were undervalued after falling to the lowest level since 2014 in late January.
Americans eat more meat per person than residents of almost any other country, but what meat they eat has evolved and will continue to adapt. “Our lifestyles and preferences have changed,” says John Nalivka, president of Sterling Marketing. “Most people don’t sit down and eat a 20-oz. steak anymore. Most of us are perfectly happy to have a quality 8-oz. steak."
Argentine President Mauricio Macri carried through on a campaign pledge by eliminating export taxes on agricultural goods including beef, wheat and corn while cutting a tariff on soybeans by 5 percentage points.
Farmers across the fertile pampas are getting ready to empty silo bags of corn and soybeans after years of withholding part of their crop in anger over tax policies.
For JBS, the Venezuelan market now has special significance. It has a $2.1 billion contract and provides almost half the meat and a quarter of the chicken eaten by 28 million carnivorous Venezuelans.
Squeezed by 16 months of falling prices and a shrinking export market, French cattle ranchers turned to protests this week at 18 slaughterhouses around the country.
Brookfield Asset Management Inc., Canada’s largest alternative asset manager, reportedly has raised $300 million for a new agricultural fund targeting Brazilian farmland.
Important ag customer Japan and the United States are trying to come to terms on a trade agreement before Shinzo Abe arrives in Washington. If successful, U.S. producers could see lower tariffs on their goods.
American rancher Darrell Stevenson formed Stevenson-Sputnik LLC with two Russian partners in 2010 and has since transplanted about 1,500 head of cattle by air and sea to their ranch.