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Tag Archives: trade policy

USDA plans to issue 3rd round of MFP payments

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The U.S. Department of Agriculture plans to issue the third and final round of 2019 Market Facilitation Program payments aimed at assisting farmers suffering from damage due to trade retaliation by foreign nations. The payments will begin to show up in farmers’ bank accounts by the end of this week. “It’s been a great start to 2020 for American agriculture with ... Read More »

U.S. corn production could hit records in 2020, grower prices to remain flat

texas corn harvest

With a whirlwind of trade activity as a backdrop, commodity market gyrations have made unsettling times for grain producers in Texas and across the nation, but there’s hope those are leveling, according to a Texas A&M AgriLife Extension Service economist. “Trade is a powerful tool,” said Dr. Mark Welch, AgriLife Extension grain marketing economist, College Station. HIs comments came as ... Read More »

Price Above PLC Trigger

corn

In his “Feed Grain Outlook” marketing newsletter, Mark Welch, Texas A&M AgriLife Extension economist, says U.S. corn production decreased by 118 million bushels, according to the November World Agricultural Supply and Demand Estimates. The national average corn yield declined from 168.4 bushels per acre to 167 bushels, 3% below trend. Harvested acreage was unchanged. That number would have been more ... Read More »

USDA expects to begin 2nd round of MFP payments before Thanksgiving

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The U.S. Department of Agriculture is expected to begin making the second round of 2019 Market Facilitation Program payments the week before Thanksgiving to help farmers suffering from trade retaliations by foreign nations. Producers of MFP-eligible commodities will be eligible to receive 25% of the total payment expected in addition to the 50% they already have received from the 2019 ... Read More »

USDA Releases County-By-County MFP Payment Information

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The U.S. Department of Agriculture has released a county Market Facilitation Program payment schedule for growers with commodities that have been affected by foreign retaliatory tariffs. The assistance covers specialty crops, non-specialty crops, dairy and hogs. The rates range from $15 to $150 per acre, depending on the impact the tariffs have had on that particular county. They are the ... Read More »

ERS Report Explores Free Trade’s Impact on U.S.-Mexico Trade

nafta flags

A new report from the U.S. Department of Agriculture’s Economic Research Service explores how the U.S. and Mexican corn sectors have changed since the transition to free-trade under the North American Free Trade Agreement and the extent to which the sectors could change further in the coming decade. Mexico is the largest foreign market for U.S. corn in terms of ... Read More »

Corn, Sorghum Prices Rally On Crop Uncertainty

texas corn harvest

Corn and sorghum prices have rallied in response to weather-related problems in the Corn Belt, but their future remains uncertain, according to a Texas A&M AgriLife Extension Service expert. Dr. Mark Welch, AgriLife Extension grain economist, College Station, said Texas corn and sorghum growers are reporting better-than-average growing conditions amid higher prices. There is ongoing speculation U.S. corn acres have ... Read More »

Auburn Ag Economists Discuss Floods, U.S. Corn Crop

corn

Henry Kinnucan and Brittney Goodrich, agricultural economists in Auburn University’s College of Agriculture, comment on the heavy rain and floods affecting U.S. corn farmers, especially in the Midwest, who face delayed planting. Consumers also face rising grocery and ethanol prices as a result of the delayed planting. ■ Do farmers have any alternatives other than delayed planting? In the short ... Read More »

Expect Higher Input Costs

Amanda Huber, Editor

International trade is a critical part of the agriculture industry, but U.S. producers have become an unwitting subject in the recent trade-off of tariff increases between China and the United States. Because of that, University of Arkansas Division of Agriculture Extension economist Scott Stiles is keeping producers up to date on input prices that could affect crop selection for next ... Read More »