U.S. Department of Agriculture
The U.S. Meat Export Federation (USMEF) hasn’t released its November numbers past October due to the government shutdown. If they’re anything like October’s numbers, then they could be record-shattering.
The dollars tagged for such purposes are part of the Build Back Better program, the Biden administration’s COVID-19 relief plan.
While Dale Durcholz does think there’s potential for a grain production number shift, he says the winter farmers and feed yards have faced is more likely to be the cause of a grain stocks shift lower.
According to Secretary Vilsack, these efforts will “increase the competitive advantage of U.S. agriculture both domestically and internationally,” while building wealth in rural America.
An Executive Order recently called for “advancing biotechnology and biomanufacturing” to create a more “sustainable” bioeconomy. What is this, you may ask? A decoy.
The House recently passed the Lower Food and Fuels Cost Act which includes a special USDA investigator. However, there’s divide on if this is the right approach to restoring competition in the cattle market.
U.S. Forest Service reforestation funding rose to over $100 million this year as part of moves to plant more than a billion trees in a decade under the infrastructure package passed in 2021, USDA said in a statement.
USDA raised its consumer food price forecast again, to 8.5% to 9.5% for 2022. The agency had initially predicted a 2% to 3% rise in prices. Eggs, fats and oils, and poultry prices are making the biggest gains.
Sens. John Thune (R-S.D.) and Amy Klobuchar (D-Minn.) led their colleagues in requesting USDA to address ERP implementation issues. ERP helps producers offset impacts of natural disasters that occurred in 2020 and 2021.
The CPI, an inflation gauge measuring what consumers pay for goods and services, rose 1.3% from May to June. Prices were up across the economy, with gasoline far outpacing other categories, up 11.2%.
According to the USDA, 2020 farming activities in the U.S. made up 11.2 percent, or 670 of 5,981 million metrics tons, of the U.S.’s total carbon contribution.
USDA Secretary Tom Vilsack announced agricultural producers have already received more than $4 billion through the Emergency Relief Program (formerly WHIP+), representing 67% of the $6 billion projected to be paid.
To bridge the gap between the U.S. and UK, a recent USDA trade mission focused on current barriers that challenge U.S. agricultural exports in the UK market.
The USDA Animal and Plant Health Inspection Service (APHIS) will host a virtual Antimicrobial Resistance (AMR) Workshop on Aug. 30 to update stakeholders and renew action on the topic.
Transforming the U.S. food system by improving supply chains and addressing issues exposed by the Covid-19 pandemic was detailed by USDA Secretary Tom Vilsack during a speech at Georgetown University.
USDA raised its estimated range of 6.5%-7.5% y/y increase from a range of 5%-6%, according to the May Food Price Outlook report, the highest forecast for all food prices and restaurant prices since 1981.
Biden says Ukraine has 20 million tons of stored grain awaiting export to various countries. He says lack of port movement coupled with halted planting in Ukraine will ignite a global food crisis unless action is taken.
USDA’s 2022 food price inflation forecasts are already at a 14-year high with forecasts for consumer food price inflation increased again this month. All food prices now seen rising 5% to 6% vs 4.5% to 5.5% in March.
Food prices continue to climb across the board. According to the latest Consumer Price Index, increasing grocery prices account for the largest share of the hike. However, shoppers don’t view prices as high.
USDA Secretary Tom Vilsack provided more details regarding the general CRP signup that ended March 11. He said only 1.8 million of the 4 million acres in expiring contracts will be re-enrolled in the program.
USDA says the launch of the Emergency Livestock Relief Program (ELRP) will address increases in supplemental feed costs in 2021. Phase 1 of the payments is expected to total $577 million.
With the ongoing war in Ukraine, a recent U.S. Farm Report viewer asked about the U.S. and energy independence. John Phipps provides a reality check of the current situation when it comes to crude oil and petroleum.
President Biden’s USDA FY 2023 budget proposal focuses on climate, conservation and research with $3.8 billion discretionary spending increase for USDA with climate, conservation and clean energy the major focal points.
USDA now expects food price inflation in 2022 to be from 4.5% to 5.5%, compared with 2021, based on the all-food Consumer Price Index. No category shows a potential decline.
Under Secy. Moffitt says her objective is to ensure producers have access to USDA dollars: “We see there’s a need for qualified technical expertise to capture the projects for producers and MPPTA will address that.”
The Northwest Seaport Alliance is partnering the USDA to bring the Port of Seattle a 49-acre pop-up site that will accept both dry and refrigerated agricultural products for temporary storage.
As the Ukraine crisis continues to grab the world’s attention, President Biden’s State of the Union address declared the U.S. is in a better place than it was a year ago, while agriculture was left largely unmentioned.
Expect Russia’s invasion of Ukraine to dominate the State of the Union address tonight. As for issues affecting agriculture, there may be few details offered, says USDA Secretary Tom Vilsack.
Congress returns Monday, but to a very different situation due to Russia’s invasion of Ukraine, which is expected to be one of the key issues President Biden talks about during his State of the Union address.
Wiesemeyer says “you don’t spend some $300 million on these [soybean crushing] plants without a solid foundation of a market in the future.”