agricultural exports

Biden nominates two for USDA undersecretary posts

President Biden selected two veterans of U.S. agriculture and nutrition policy for sub-cabinet positions at the Agriculture Department. Stacy Dean was nominated to serve as undersecretary for nutrition and Alexis Taylor to be undersecretary for trade, announced the White House. Dean has been the senior official overseeing USDA nutrition programs since Biden took office and Taylor has been Oregon's agriculture director since December 2016.

Senate passes ocean shipping reform bill

On a voice vote, the Senate passed a shipping reform bill on Thursday that would make it harder for ocean carriers to unreasonably refuse to load U.S. goods ready for shipment at ports.

USDA and Seattle and Tacoma ports enhance ag export ‘pop up’ site

As part of enhancing access to a 49-acre "pop up" site devoted to ag exports, the Agriculture Department said it would pay up to $400 per container to help cover the additional logistical costs of pre-positioning containers with U.S.-grown agricultural commodities at the site.

With eye on Ukraine, G7 ag ministers warn nations to avoid food hoarding and profiteering

To mitigate the impact of war in Ukraine on global food supplies, the G7's agriculture ministers called on all nations to keep their trade channels open and to guard against unjustified limits on exports. "We will not tolerate artificially inflated prices that could diminish the availability of food and agricultural products," said the ministers in a statement after a special meeting convened via the internet.

Shift in Sino-U.S. dialogue: How to protect U.S. economic interests

While pressing China to live up to its trade commitments, the United States will focus increasingly on how to defend its economic interests in dealing with an unreliable partner, said U.S. trade representative Katherine Tai. China and the United States are the two largest economies in the world and their overall relationship is "profoundly consequential," said Tai on the closing day of USDA's annual Outlook Forum.

Analyst: look south for growth in U.S. pork exports

With sales to China waning, the growth markets for U.S. pork exports will be Mexico and Latin America, said economist Brett Stuart of Global AgriTrends. Mexico accounted for 22 cents of every $1 in pork exports last year, and eight Latin American nations, often regarded as lesser customers, are set to become major customers for U.S. pork.

‘Phase one’ was doomed to disappoint, and it did, say analysts

The 2020 agreement that de-escalated the Sino-U.S. trade war set unrealistically high goals for U.S. exports to China and failed to deliver on them by large margins, say analysts. Overall, China bought just 57 percent of the goods and services it committed to buying as part of the “phase one” agreement. The agriculture sector, at 83 percent, came closest to reaching its export goal.

USDA says it again: 2021 was a record year for farm exports

Although sales are forecast to dip this year, U.S. farm exports hit a record $177 billion during 2021, said Agriculture Secretary Tom Vilsack on Tuesday. The previous calendar-year record was $154.5 billion in 2014, at the end of the seven-year commodity boom.

Farm income is forecast far above average for second year

Record-high expenses and sharply lower federal subsidies will erode farm income in 2022, according to a forecast by the Agriculture Department. Nonetheless, U.S. agriculture would see one of its best years on record, with net farm income 26 percent above its 10-year average.

White House is working ‘from both ends’ to resolve ag export disruptions

The Biden administration is employing a multi-pronged strategy to speed agricultural exports through congested ports, and a project in Oakland is one piece of it, said White House port envoy John Porcari on Monday. The government will pay part of the cost for a 25-acre "pop up" site near the port that will be dedicated to loading farm exports into scarce containers.

Apple industry asks Biden to remove tariffs on Chinese goods

Exports of U.S. apples "have taken a big hit in recent years," with the Sino-U.S. trade war as a leading reason, said the U.S. Apple Association on Thursday. The trade group called on the Biden administration to remove U.S. tariffs on Chinese products so that China would eliminate its retaliatory tariffs on U.S. goods that include apples.

Agriculture has ‘unfinished business’ in Sino-U.S. trade, says Vilsack

Although China purchased a record amount of U.S. farm exports over the past two years, it wasn't enough to comply with the "phase one" agreement that de-escalated the Sino-U.S. trade war, said Agriculture Secretary Tom Vilsack on Thursday. "We obviously have some unfinished business with reference to phase one," Vilsack told lawmakers a day after President Biden pointed to Chinese shortfalls.

Trade war price tag: $27 billion in lost ag export sales

China accounted for 95 percent of the $27 billion in U.S. farm export sales that were lost in 2018 and 2019 as a result of the trade war begun by President Trump, said a USDA report. Sales to China rebounded after the "phase one" trade agreement, but U.S. market share has remained lower than before the tit-for-tat tariffs.

California ag exports down by $2.1 billion due to ‘Containergeddon’

The cargo pileup at West Coast ports may have had a greater impact on farm exports from California than the Sino-U.S. trade war did, said three economists on Wednesday. They estimated losses of $2.1 billion in foreign sales during a five-month period because of port congestion, comparing that to economic losses of about $500 million for California agriculture during the first year of the trade war.

DOT and USDA tell shipping lines to improve export service

Two cabinet secretaries threatened disciplinary action against a dozen cargo lines if they do not speed up service at West Coast ports quickly. In a letter to shipping executives, Transportation Secretary Pete Buttigieg and Agriculture Secretary Tom Vilsack urged the shippers to turn to underutilized ports and to stop bypassing U.S. ag exports.

USDA: Strong U.S. economy but falling crop prices in 2022

The red-hot U.S. recovery from the pandemic, with the fastest economic growth rate since 1984, will moderate to a still-strong 3.5 percent in 2022, said the USDA in its first look at the agricultural economy in the new year. Farm-gate prices for corn, soybeans, wheat and cotton, the four most widely planted crops, were projected to decline as production, suppressed by the pandemic, catches up with demand.

U.S. farm exports are in record-setting territory

It's an open question if U.S. ag exports were as large as forecast in fiscal 2021, but a running tally by the USDA says they were the largest ever. Shipments to foreign buyers totaled $160.2 billion with one month to go in the fiscal year, topping the record of $156.8 billion set in fiscal 2014.

Agriculture is ‘unpredictable sector’ in Sino-U.S. trade, says Tai

The United States will press China to live up to its commitments in the "phase one" agreement, said U.S. trade representative Katherine Tai on Monday in unveiling the Biden administration's "strategic vision for re-aligning trade policies toward China." During a speech at a Washington think tank, Tai said agricultural trade was an "unpredictable sector" given Chinese willingness to intervene in the market.

Ag purchases are a test of Chinese credibility, says Vilsack

Speaking to a farm conference, Agriculture Secretary Tom Vilsack said China's adherence to its commitment to buy mammoth quantities of U.S. farm exports will be a test of the Asian nation's place in global relations. While China has buoyed commodity prices with its purchases, it is not on track to meet the goal of importing $43.6 billion worth of U.S. food, agricultural, and seafood products by the end of December.

 Click for More Articles