‘We need an AG safety net that works’ – February 29, 2024

‘We need an AG safety net that works’

Pointing to forecasts of a second year in a row of falling farm income, Republican senators called for more money for farm subsidies on Wednesday. “We’ve got to get it right for production agriculture” in the new farm bill, said North Dakota’s John Hoeven at a Senate Agriculture Committee hearing.

Mexico chases China for No. 1 export market

Mexico will buy a record $28.4 billion worth of U.S. food and agricultural exports this fiscal year, only $300 million less than China, the first-place customer, forecast the Agriculture Department on Wednesday. China is now buying more corn and soybeans from Brazil and less from the United States.

TODAY’S QUICK HITS

JBS misleads, says suit: New York Attorney General Letitia James filed a lawsuit alleging that JBS USA, the American subsidiary of the world’s largest beef processor, was misleading the public by saying it would achieve net-zero greenhouse gas emissions by 2040 despite plans to increase production. (New York Attorney General)

Cleaner planes: A new Federal Aviation Administration rule will require large aircraft manufactured after Jan. 1, 2028, to incorporate improved fuel-efficiency technology, a rule FAA administrator Mike Whitaker says will allow the agency to “reach our goal of net-zero emissions by 2050.” (FAA)

Hawaii land buys: Over the past couple of years, tech billionaire Marc Benioff has purchased hundreds of acres of land near the agricultural town of Waimea on Hawaii’s Big Island, although he has not yet revealed his plans for the purchases. (NPR)

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