Penniman – “Farming While Black” – January 2, 2019

USDA says it will deliver on Trump request for 5-percent spending cut Under orders from President Trump to cut spending by 5 percent, the USDA may try to slash the taxpayer-subsidized crop insurance program, eliminate a green-payment program, or take an ax to its research agencies, if recent proposals are… Continue reading

2018 Farm Report FYI

As the agribusiness landscape for crop inputs continues to change, 2018 was the scene of continued news surrounding mergers and acquisitions. Notably, headed into 2019, the four largest ag chemical companies are: Bayer ($12.9 billion in annual revenue); Syngenta (9.7 billion in annual revenue); BASF ($6.4 billion in annual revenue);… Continue reading

Science Agencies, Food Stamps – December 21, 2018

Lawmakers say science agencies need to stay in D.C.

Trump injects food stamp limits into signing of ‘really tremendous’ farm bill At the same time President Trump signed into law the 2018 farm bill, which modestly strengthens the farm safety net, loosens farm subsidy rules, and legalizes industrial hemp, he announced “immediate action on welfare reform” on Thursday through… Continue reading

Soybeans Purchased Following Meeting – December 20, 2018

China buys billions of soybeans

Administration would toughen 90-day limit on food stamps On Thursday, hours before President Trump was expected to sign the farm bill, the administration has proposed restricting the power of states to waive the usual 90-day limit on food stamps for able-bodied adults who do not work at least 20 hours… Continue reading

Tariff Payments Double – December 18, 2018

Tariff payments double

USDA doubles Trump tariff payments to farmers to $9.6 billion Agriculture Secretary Sonny Perdue announced on Monday the second and final round of $4.8 billion of Trump tariff payments, meaning crop and livestock producers will collect up to $9.6 billion in cash to cushion the impact of the Sino-U.S. trade… Continue reading