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Ag Trade Fluidity From Producers’ Point Of View

How do members of the ag sector see ag trade developments and discussions of recent months perhaps impacting their business going forward?
Rod Bain. Tim Lust of the National Sorghum Producers. Colin Woodall of the National Cattlemen’s Beef Association. Kevin Skunes of the National Corn Growers Association. Randy Gordon of the National Grain and Feed Association. Chirs Kolstad of US Wheat Associates. Missouri Farm Bureau President Blake Hurst. Dennis Stiffler of the US Meat Export Federation.

NAFTA Has Benefited U.S. Agricultural Producers

With renegotiations ongoing, U.S. agricultural producers stress how important the North American Free Trade Agreement has been to their industries.  Stephanie Ho,  Steve Mercer of US Wheat Associates, Jim Heimer of the National Pork Producers’ Council, Jason Hafemeister-USDA Trade Counsel.

Corn Markets Re-Adjusting After Bigger than Expected Crop Forecast

What might have been a bit of a price hike for corn this marketing year seems to have been squashed by the larger than expected production forecast.  Gary Crawford and Seth Meyer.

Seth Meyer, USDA Outlook Board Chairman, saying USDA’s forecast for a record national average corn yield was made despite the fact that yields in some major corn states did not set records.

USDA Forecasts Surprises Some Analysts

USDA’s new corn production forecast was a bit of a surprise to many traders who didn’t expect such a big change from USDA’s previous forecast in October.
USDA Chief Economist Rob Johansson talking about the latest forecasts for soybeans.
The cotton forecast is up. Gary Crawford and Rob Johansson with highlights of the latest USDA forecasts.

Perdue On US-China Ag Trade Issues; Optimistic about NAFTA Negotiations

Despite this week’s announced sales of some U.S. agricultural products to China, Agriculture Secretary Perdue says there are still several serious agricultural trade irritants.
Despite what Agriculture Secretary Sonny Perdue calls “disappointment” with the NAFTA negotiations thus far, Perdue still is optimistic that the talks will result in a new NAFTA agreement.  The next round of negotiations begins November 17 in Mexico City.  Gary Crawford and Sec’y Sonny Perdue.

Tight Global Supply Expected for Wine

The United States is an important wine market for foreign and domestic winemakers. Recent fires hit Sonoma and NAPA Valley representing 10% of California’s wine production.  It’s  the most important wine region in terms of land value.
Global wine supplies are expected to be tight in the coming year. Low production in FR-IL-SP together represent 50% of world production and 10% of global annual consumption.  They are heavily oriented export producers.  Stephanie Ho and Steve Rannekleiv, Rabobank global sector strategist for beverages.

USDA to Re-engage Stakeholders on Revisions to Biotechnology Regulations

Nov. 6, 2017, WASHINGTON, DC — The U.S. Department of Agriculture’s (USDA) Animal and Plant Health Inspection Service (APHIS) today announced it is withdrawing a proposed rule to revise the Agency’s biotechnology regulations and will re-engage with stakeholders to determine the most effective, science-based approach for regulating the products of modern biotechnology while protecting plant health.

“It’s critical that our regulatory requirements foster public confidence and empower American agriculture while also providing industry with an efficient and transparent review process that doesn’t restrict innovation,” said Secretary Sonny Perdue. “To ensure we effectively balance the two, we need to take a fresh look, explore policy alternatives, and continue the dialogue with all interested stakeholders, both domestic and international.”

APHIS oversees the importation, interstate movement and environmental release of genetically engineered organisms to ensure they do not pose a plant pest risk. This important work will continue as APHIS re-engages with stakeholders.

“Today, we need to feed some 7 billion people. By the year 2050, that population will swell to 9.5 billion, over half of which will be living in under-developed conditions. To put the demand for food into perspective, we are going to have to double our production between now and 2050. We will have to produce more food in the next 30 years than has been produced in the last 8,000 years. Innovations in biotechnology have been helping American farmers produce food more efficiently for more than 20 years, and that framework has been essential to that productivity,” Perdue said. “We know that this technology is evolving every day, and we need regulations and policies that are flexible and adaptable to these innovations to ensure food security for the growing population.”