‘A real risk’ for U.S. ag sector in talk of higher tariffs, confronting China
U.S. agriculture would be a target in a new trade war with China, said a consultant speaking on a think tank panel on Monday, pointing to former president Donald Trump’s support for higher tariffs and calls in the House for a reset of Sino-U.S. trade relations. But Trump’s former ag negotiator said tariffs were “the only tool in the tool box” and Trump was right to use them in the past.
Minneapolis GBI experiment improves food security
An ongoing pilot program in Minneapolis that gives $500 a month to 200 low-income households has improved food security, financial security, well-being, and psychological wellness among participants, said three researchers at the Minneapolis Federal Reserve Bank. “We do not find evidence that payments cause recipients to work less, a common concern about GBI (guaranteed basic income) programs,” they wrote.
TODAY’S QUICK HITS
High demand for conservation: The USDA approved more projects for funding in two major conservation programs, the Conservation Stewardship Program and the Environmental Quality Incentives Program, in 2023, but the programs remain oversubscribed. (IATP)
JBS wants NYSE listing: U.S. and British lawmakers have written letters to the Securities and Exchange Commission cautioning against listing JBS, the world’s largest meat processor, on the New York Stock Exchange because of its potential impact on deforestation. (Fortune)
Aid specialty crop exports: The USDA launched its Assisting Specialty Crop Exports initiative with $65 million in export promotion funding and the goal of addressing barriers such as import standards, packaging rules, inspections, and licensing requirements overseas. (USDA)
