President Donald Trump said that the U.S. will boost its purchases of domestic farm products for humanitarian aid in an effort to offset lost demand from China as trade tensions flare between the nations. Trump said on Twitter on Friday, May 10, that the U.S. will use its money from the tariffs to buy American agricultural products "in larger amounts than China ever did" and send it to "poor & starving countries" for humanitarian aid. The president indicated potential purchases of $15 billion from farmers.
Dairy farmers are indignant about beverages calling themselves milks when they are actually made of oats or almonds or sunflower seeds. Even worse, these impostors have been draining away at the market share of what cows produce.
Conaprole is betting against widespread global substitution of cow milk as the Uruguayan dairy cooperative opens a new $35 million plant to make premium products such as infant formula. Changing consumer tastes in the U.S. and other developed countries where milk consumption has been falling for decades have spurred dairy companies such as Dean Foods Co. and New Zealand giant Fonterra Cooperative Group to invest in makers of plant-based yogurt or bio-engineered proteins.
Some U.S. farm groups fear that President Donald Trump's terms for easing his trade war with China risk leaving large swaths of American agriculture worse off than before the conflict began. Many producers are alarmed by signs that the administration would accept Chinese purchase target pledges for commodities like soybeans and pork without a promise to lift retaliatory tariffs, said industry representatives, some of whom spoke only on condition of anonymity to avoid consequences for publicly criticizing the administration.
The number of black farmers in America has gone up, but to look at that number in isolation would be to mask the vast disparities that fall along racial lines. There were 45,508 black farmers in 2017, up about 2% from five years earlier, the Department of Agriculture said Thursday, April 11, in its first agricultural census since 2012. About 3.2 million farmers are white, or 95 percent. More striking, ownership is declining faster for black farmers, down about 3% since 2012, compared with 0.3% for white growers.
President Donald Trump's top economic adviser touted progress in high-level talks with China, but cautioned that a final deal to end the trade war remains elusive as negotiations resumed in Washington. Negotiators are "making good headway," White House economic adviser Larry Kudlow told reporters Wednesday, April 3, in Washington. "But we're not there and we hope this week to get closer," he said. U.S. stocks rebounded following his remarks.
Chad Korth's Nebraska farm was mostly unscathed from the catastrophic floods that soaked nearby fields thanks to being positioned atop a hill. But as the waters recede, he's not expecting to be spared the financial blow that's hitting the region.
The worst agricultural downturn since the 1980s is taking its toll on the emotional well-being of American farmers. In Kentucky, Montana and Florida, operators at Farm Aid's hotline have seen a doubling of contacts for everything from financial counseling to crisis assistance. In Wisconsin, Dale Meyer has started holding monthly forums in the basement of his Loganville church following the suicide of a fellow parishioner, a farmer who'd fallen on hard times. In Minnesota, rural counselor Ted Matthews says he's getting more and more calls.
There's one more tribunal in which Bayer's efforts to defend its Roundup weedkiller are floundering: the court of public opinion. Bayer says science shows that the herbicide, which the German company gained in its $63 billion acquisition of Monsanto, is safe. Now that a second U.S. jury has linked the product to cancer, the uphill battle Chief Executive Officer Werner Baumann is fighting just got steeper. The company has lost more than $30 billion in market value since the first defeat last August, raising fresh questions about a deal he spearheaded.
A massive late-winter storm bringing heavy snow and high winds to the U.S. heartland is stressing winter wheat, inundating mines and disrupting ranches as calves are born. Blizzard-like conditions in the Dakotas, western Nebraska and Kansas are threatening newborn calves, which will need to be dried, warmed and given shelter, said Matthew Wiegand, a commodity broker at FuturesOne in Lincoln, Nebraska. Sheep herds were also at risk with snow in Casper, Wyoming falling late Thursday, March 14, at a rate of 3 inches per hour amid 30-mile-per-hour winds.