Amid trade war, farmers to collect largest federal payments in 14 years
Farmers and ranchers will receive a projected $10.7 billion in Trump tariff payments this year, the major reason that direct federal payments will amount to 22 percent of net farm income, say USDA economists.
Hurricane Dorian a threat to coastal agriculture
A private forecaster said hurricane Dorian could threaten citrus crops in Florida but the North Carolina Pork Council said hog farmers could handle the expected 4 to 10 inches of rain without damage to manure lagoons.
TODAY’S QUICK HITS
Trump officials limit topics in dietary guidelines (Washington Post): The Trump administration is for the first time limiting the focus of the national dietary guidelines to 80 topics, excluding the health effects of consuming red and processed meat, ultra-processed foods and levels of sodium. The guidelines are rewritten every five years.
Dicamba drift again a problem (Midwest Center for Investigative Reporting): Despite tighter restrictions, the herbicide dicamba has continued to harm non-target crops this year, with the leading-soybean state, Illinois, reporting a record 590 complaints as of Aug. 23.
U.S. swings world outlook for corn and soy (IGC): Thanks to brighter prospects for the U.S. corn crop, world corn production was forecast at 1.1 billion tonnes, up 8 million tonnes from a month ago, while the forecast for the world soybean crop was reduced by 4 million tonnes, to 344 million tonnes, due to a plunge in U.S. production.
Deere gets new chief executive (Deere): John May will become chief executive of the world’s largest farm equipment manufacturer effective Nov. 4, the latest advancement in a career that included managing a Deere factory and leading Deere’s worldwide agriculture division.
ON THE CALENDAR
– Purdue University releases monthly Ag Economy Barometer, a gauge of farmer confidence and the health of the agricultural economy.
– USDA releases weekly Crop Progress report, 4 p.m. ET.
– Global Food Innovation Summit, through Thursday, Melbourne.
– USDA releases annual Household Food Security report, 9 a.m. ET. The report will cover conditions in 2018. Last year, the USDA said 11.8 percent of U.S. households were food-insecure in 2017, meaning their access to adequate food was limited by lack of money or other resources.
– Aid and International Development Forum holds a global summit, focusing on quicker and better responses to crises and catastrophes, through Thursday, Reagan Building, Washington, D.C.
– U.N. Food and Agriculture Organization releases monthly Food Price Index, Rome.
– Colorado Hemp Co. holds second annual Southern Hemp Expo, through Saturday, Franklin, Tennessee.
– National Association of State Departments of Agriculture holds annual meeting, through Sept. 12, Albuquerque, New Mexico.