china

The latest report on foreign ownership of U.S. ag land shows that 45.85 million acres of U.S. farmland were held by foreign investors in 2023.  That represents 3.61% of total privately held agricultural land in the U.S.  This marks a 1.58-million-acre (3....

For the second week of the new year, oil prices have moved higher.  Patrick DeHaan with GasBuddy.com said this most recent trend started last week.   “The Biden administration issuing harsher sanctions on shipping companies and vessels that would operate and take sanctioned crude oil from countries like Iran and Russia and deliver it to countries like China and India," DeHaan noted.  "Th

A recent Washington Post report said President-elect Trump’s aides are considering narrowing his tariff plans so they would only apply to limited specific critical imports.  However, Farm Policy News said Trump denied that would happen.   In Tru...

China approved five gene-edited crop varieties and 12 types of genetically modified soybeans, corn, and cotton.  Reuters said the expanded approvals are intended to boost high-yielding crops, reduce the need for imports, and ensure Chinese food security.  Th...

As we prepare to wrap up 2024, we take a look back on the past 12 months.  Patrick DeHaan with Gasbuddy.com said this year was a quiet one, with fuel prices slowly eroding from January to December.   “Gasoline, oil prices, diesel prices coming back into balance after a tumultuous last couple of years," DeHaan noted.  "2024 ending with ...

Typically, this time of year is lighter, and even a little slower in the world of business and economics, as many of us prepare for the holidays and the end of the year.  But that is not necessarily the case when it comes to oil prices and fuel prices.  Patrick...

The latest U.S. red meat export numbers are out.  U.S. Meat Export Federation President and CEO Dan Halstrom, said October beef exports totaled 105,269 metric tons, up 1% year-over-year, while the value jumped 3% to $860.4 million.   “...

We’re starting to sound like a broken record, but oil prices really haven’t moved that much over the past week or so.  Patrick DeHaan with Gasbuddy.com said a barrel of West Texas Crude has traded in the high-$60 to low-$70 range since Thanksgiving.  And he doesn’t expe...

The USDA is projecting another record Ag trade deficit this fiscal year as imports surge and exports lag.  USDA Chief Economist Seth Meyer says this is the 3rd year of this current trend.   “From ’23 to ’24, we saw more than a 10-billion-dollar year-over-year increase. This year, we’re looking at som...

Jamieson Greer is President-elect Trump’s nominee for U.S. Trade Representative.  Greer was an aide in the office during Trump’s first term and will help steer the incoming president’s trade agenda.  A graduate of the University of Virginia’s Law School, Greer was chief of staff to Robert Lighthizer, the U.S. Trade Rep during Trump’s first term in o...