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.
When it comes to China rarely are things as they seem, there is no deal till there is a deal, and even after the ink dries China is fully capable of ignoring what they promised if it suits their national interests.
Breaking out major prognostic tools (including an 8-ball, Ouija board, paper fortune teller and dart board...yeah we're high tech around here) here are some of the big agricultural issues on the horizon for 2019.
ByKaolin Sewell/The Midwest Center for Investigative Reporting |
The United States has been in a trade war with China over the last several months, swapping import tariffs worth billions of dollars stemming from U.S. investigations into China's trade practices including “technology transfer, intellectual property, and innovation.” This timeline shows how we got here.
Generally speaking, pork barrel politics amounts to politicians trading favors to constituents or special interest groups for political support, often as campaign contributions. Pork barrel spending, better known as earmarks in federal spending bills, have surged in 2018. Who may be profiting this year? Smithfield Foods.
ByPam Dempsey, Anna Casey and Dave Dickey/The Midwest Center for Investigative Reporting |
As China and the U.S. swap threats of import taxes on billions of dollars of goods, financial markets fluctuated and farmers are frustrated, saying they worry over hard-built trade relationships with one of their largest customers.