Investigate Midwest (https://investigatemidwest.org/tag/china/)
According to a well-presented American Farm Bureau analysis released in October, U.S. farm income in 2019 will reach $88 billion, or the highest net farm income since 2014’s $92 billion, but it will still be a third lower than the record high in 2013.
Not good news for the dairy farmers. After Dean announced it had filed for bankruptcy, Dairy Farmers of America said it was in “advanced discussions” on an acquisition. A merger would all but guarantee lower income for farmers.
A roundup of news, reports, and research on agribusiness and related issues. Cargill opens expanded $34m feed mill at Texas site | Feednavigator.com
A renovated Cargill feed production facility in Temple, Texas has gone live; it has been expanded to 70,000 square feet to address feed demand in the region. Inside the little-known world of flavorists, who are trying to make plant-based meat taste like the real thing | Washingtonpost.com
These new foods are the opposite of whole foods. Some nutritionists and food industry leaders are wondering if the food system is being led astray by foods that need their flavor and appeal inserted industrially. China trade deal in sight | Agweb.com
The Trump Administration said the U.S. aims to sign “Phase One” deal this month (possibly in Iowa). China’s Xinhua News Agency said U.S. and China had reached a “consensus on principles” during Friday’s phone call.
Rain, early snows delay U.S. harvest in latest blow to farmers | Reuters.com
The farmers just can't catch a break with the weather.
The current large farms, utilizing far fewer farms than in the past has created population loss that threatens scores of small towns that sprouted on the prairie in a different time, when larger numbers of small farmers depended on them.
Ford outlined how sustained low commodity prices now meant that the average farm income in 2017 was $43,000, and that the median farm income for 2018 was minus $1,500. This had pushed bankruptcies in the farm states across the Midwest, which sell half of U.S farm products, to the highest level in a decade.
The big agricultural firms are in part playing defense. Grain traders supply the world’s livestock farms with animal feed - a business that would suffer if fake meat sales rise at the expense of real meat.
In retaliation for some of the U.S. tariffs, China cut off imports of U.S. agricultural products like soybeans and corn. That's led to agribusiness companies like Deere & Co. to announce it's cutting production by 20%.
A controversy we’ve covered in the past has resulted in a shut down for a Missouri animal farm.
A Brazilian-owned meat processing company undercut its competition by more than $1 per pound to win nearly $78 million in pork contracts through a federal program launched to help American farmers offset the impact from an ongoing trade war.
A new spinoff from DowDupont could mean fewer
seed and pesticide options for farmers, who are already facing mounting
challenges that include low commodity prices, poor weather conditions and a
growing trade war. On June 1, DowDuPont separated its
agricultural chemical and seed business into a standalone company called
Corteva Agriscience. Dow Chemical and Dupont Nemours, Inc. merged in 2017, and made $86 billion in sales last year. Its agriculture division provided pesticides and seeds to farmers, but the company also made paints, silicone and other chemicals in its material science and specialty products divisions. Before the merger, Dow offered more pesticide products to farmers, while Dupont sold more variety of seeds.
