Rochester, Minnesota | Reuters — The U.S. government is paying Texas cotton farmer J. Walt Hagood US$145 an acre for losses related to U.S. President Donald Trump’s trade policies. But Minnesota soybean farmer Betsy Jensen will get just US$35 an acre. Both farmers’ sales have taken heavy blows in Trump’s trade war with China. Neither […] Read more
Trump trade-war aid sows frustration in farm country
U.S. corn, soy acreage to expand in 2018-19, USDA says
Chicago | Reuters — U.S. farmers are likely to expand plantings of both corn and soybeans while reducing wheat seedings for the upcoming marketing year, the U.S. Agriculture Department said on Tuesday. The USDA’s Office of the Chief Economist forecast that farmers will seed 91 million acres of corn in the 2018-19 crop year, up […] Read more
Monsanto presses against Arkansas’ dicamba limits
Chicago | Reuters — Monsanto Co. pushed Arkansas authorities on Thursday to reject a proposed April 15 cutoff date next year for sprayings of the agricultural herbicide dicamba, which has been linked to crop damage across the U.S. farm belt. The company further said that Arkansas’ plant board should allow farmers in the state to […] Read more
From sugar mills to hog farms, U.S. agriculture braces for Irma
Chicago/New York | Reuters — Hurricane Irma sent farmers and food companies scrambling to protect processing facilities, farm fields and animal herds in the south and southeastern parts of the U.S. on Wednesday. Florida sugar and citrus processors rushed to secure rail cars and equipment that could be crushed, blocked or turned into flying projectiles. […] Read more
Harvey’s floods scatter cattle in Texas, swamp cotton fields
Chicago | Reuters — South Texas ranchers are scrambling to relocate cattle from massive flooding spawned by Tropical Storm Harvey, with many hauling livestock up to the north of the state while others rush to move the animals to higher ground nearby. About 1.2 million cattle are located in a 54-county disaster area drenched by […] Read more
U.S. farmers race to ready for Hurricane Matthew’s blast
New York | Reuters — Hurricane Matthew, the fiercest Caribbean storm in nearly a decade, roiled commodities markets and forced companies from cane refiners to orange juice makers to shutter as it whipped its way toward the southeastern U.S. on Thursday. Southeastern companies were closing down operations ahead of a storm that could threaten some […] Read more
Monsanto threatens to exit India over GM royalty row
New Delhi | Reuters –– Monsanto, the world’s biggest seed company, threatened to pull out of India on Friday if the government imposed a big cut in royalties that local firms pay for its genetically modified cotton seeds. Mahyco Monsanto Biotech (India), a joint venture with India’s Mahyco, licenses a gene that produces its own […] Read more
Smallest ag markets biggest winners in commodities rout
New York | Reuters –– Some of the smallest niche agricultural commodities were the biggest winners this year as weather and disease raised concerns about tightening supplies, spurring a buying spree as an exodus of institutional cash punished oil, metals and grains markets. Cocoa, cotton, sugar and frozen concentrated orange juice on ICE Futures U.S. […] Read more
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