Given the importance and volatility of non-tariff trade barrier issues, the catalyst behind the reorganization was the need to have a central trade authority that can react quickly with input from across multiple agencies to resolve disputes.
The Senate Agriculture Committee held a hearing last week on the implementation progress of the 2014 Farm Bill. One of the topics discussed was the creation of a new undersecretary position. The enacted farm bill requires the secretary to propose a reorganization plan for USDA's international trade functions, in consultation with the House and Senate Agriculture Committees and House and Senate Appropriations Committees, and provide a report on the plan to the Congressional committees 180 days after...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Unlike the 2022 fertilizer shock, today’s disruption is rooted less in rerouted trade flows and more in damaged production capacity, raw material constraints and uncertain recovery timelines. That makes this a longer-duration risk for U.S. agricultural producers and retailers who must sec...
