The U.S. economy will slow in the new year, constrained by sharply higher interest rates, at the same time that farmers and ranchers expand production, projected the Agriculture Department on Monday. Prices for most commodities — including corn, soybeans, wheat and hogs — would decline somewhat from this year's elevated levels but remain comparatively high.

Republican lawmakers, who have chafed and balked at President Biden's climate initiatives for months, would use their expanded strength from the midterm elections to hobble the administration's climate agenda for agriculture. Two members of the House Appropriations subcommittee on agriculture already have hinted at a crackdown on USDA's spending powers. <strong>(No paywall)</strong>

In Tuesday's elections, voters will decide several ballot initiatives on food and agricultural issues, including a ban on meat processing facilities in a South Dakota city and the expansion of universal school lunch to Colorado. California voters will determine the fate of a tax on high income earners to pay for green energy and for fighting wildfires, which have cost the state’s agricultural sector tens of millions of dollars. 

The Agriculture Department has spent $450 million to combat this year’s outbreak of bird flu, but losses among domestic flocks are nearing the record set seven years ago in the largest-ever U.S. animal health emergency. The outbreak has driven up egg prices and tightened the supply of holiday turkeys.

Farmers in the Midwest and the mid-South are paying the price for low water on the Mississippi River in the form of lower cash bids for their corn and soybeans — as much as $2 a bushel lower for soybeans, said USDA economists on Wednesday. At the same time, the cost of transporting fertilizer upriver has increased, and neither situation is likely to change before late winter.

After reaching a record high in 2022, U.S. farm exports will plateau amid a world of uncertainties, said the USDA chief economist on Tuesday. The strong dollar and slower economic growth worldwide will be a drag on exports, now forecast by USDA at $193.5 billion this fiscal year, down slightly from the estimated record of $196 billion in the fiscal year that ended on Sept. 30.

California’s San Joaquin Valley will become increasingly difficult to farm as climate change intensifies. But with the right regulations and policies, the state’s multibillion dollar agricultural belt could become something else — a clean energy powerhouse that the state desperately needs. At a panel event on Tuesday, energy professionals and community leaders gave a glimpse of the valley’s potential future — one where alfalfa fields give way to solar farms and carbon is sequestered beneath fallowed orchards. They also acknowledged how daunting an economic transition it would be.<strong> No Paywall </strong>

Ukrainian farmers and food-importing nations in the Middle East and North Africa will feel the pain of the Russian interruption of grain exports through the Black Sea corridor, said the IFPRI think tank on Monday. The importer nations face their highest need for grain in the months ahead with supplies in doubt and commodity prices jolted higher.

UN and European leaders called on Russia on Sunday to revive the international agreement for grain exports from Ukraine, calling it crucial for stabilizing grain prices and keeping food flowing to tens of millions of people.

More than six of every 10 acres in the continental United States is in drought, with arid conditions stretching from the Appalachians to the Pacific Coast, said the weekly Drought Monitor on Thursday. Conditions worsened in the Ohio Valley, as warm weather combined with below-normal precipitation to dry the Midwest.