ELK POINT, S.D. — Beef Products Inc has settled a closely watched defamation lawsuit against American Broadcasting Co and its reporter Jim Avila, the meat processor said on Wednesday. BPI had claimed ABC, a unit of Walt Disney Co, and Avila defamed the company by calling its ground-beef product “pink slime” and making errors and omissions in a 2012 report.
CHICAGO - Final details are in place to allow U.S. exporters to resume beef shipments to China, U.S. officials said on Monday, allowing companies to prepare for their first shipments in 14 years. After concluding talks with Beijing, the U.S. Department of Agriculture said U.S. producers must track the birthplace of cattle born in the United States that are destined for export to China.
CHICAGO - The White House budget on Monday proposed $46.54 billion in cuts to federal government funding for the agriculture sector over the next 10 years. President Donald Trump's biggest cut would come in the form of a $38 billion bite out of farm supports, including new limits on federal subsidies for crop insurance premiums and caps for commodity payments.
WASHINGTON - U.S. soybean ending stocks were seen rising to an 11-year high in the 2017-18 crop year following another bumper harvest, the U.S. Agriculture Department said on Wednesday. Corn stocks were seen declining slightly but remaining plentiful. Wheat stocks were seen falling due to declining production. The new-crop stock outlooks, the first issued for the 2017-18 marketing year, all came in below market expectations.
WASHINGTON — Eight Democratic Senators on Tuesday asked U.S. regulators to launch an investigation into billionaire Carl Icahn’s activities in the U.S. biofuels blending credit market, saying the activist investor may have violated securities trading laws since becoming an adviser to President Donald Trump.
WASHINGTON - The White House is considering a draft executive order to withdraw the United States from the North American Free Trade Agreement, a senior Trump administration official said on Wednesday. It was unclear whether the order would be enacted by President Donald Trump, who has vowed to pull out from NAFTA - a U.S., Mexico and Canada trade pact - if he cannot win better terms for America. But the action under consideration could signal heightened prospects that one of the world's biggest trading blocs could unravel in an economically damaging dispute.
WASHINGTON - The U.S. Senate on Monday confirmed former Georgia Governor Sonny Perdue as secretary of agriculture, leaving all but one of President Donald Trump's Cabinet positions filled. Lawmakers voted 87 to 11 in favor of Perdue, who takes office as the agricultural community grapples with the key issues of trade and immigration.
WASHINGTON — The U.S. Environmental Protection Agency said on Wednesday it had denied a petition by environmental groups that sought to ban the agricultural pesticide chlorpyrifos. In October 2015, the Obama administration proposed to revoke all food residue tolerances for chlorpyrifos, an active ingredient in insecticides. The proposal was issued in response to a petition from the Natural Resources Defense Council and Pesticide Action Network North America, the EPA said in a statement.
WASHINGTON — U.S. President Donald Trump's nominee to head the Agriculture Department said in Senate ethics disclosure forms that he would place his assets, which include part ownership of a grain merchandising company, into a blind trust. Republican Sonny Perdue was tapped to head the department the day before Trump's inauguration. Progress on his confirmation has been slow, with media reports suggesting that undoing his various business entanglements caused the delay in the ethics filings.
CHICAGO — A commercial chicken flock in Tennessee has been culled after becoming infected with low-pathogenic bird flu, the state's Agriculture Department said Thursday, days after a more dangerous form of the disease killed poultry in a neighboring county.