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Agriculture

USDA raises US, global year-ending corn stocks estimates for 2018-19 to above market expectations

The US Department of Agriculture projected Tuesday domestic corn stocks at the end of the 2018-2019 marketing year, which closes August 31, 2019, to be at 1.774 billion bushels (45.062 million mt), down 228 million bushels from its 2017-2018 estimates of 2.002 billion bushels but up 90 million bushels from its prior forecast for the period.USDA's domestic corn stocks estimates for the next marketing year was within the top end of the range of analysts' expectations of 1.477 to 1.785 billion bushels, but above the average analysts' expectations of 1.693 billion bushel, sources said.The incre [node:read-more:link]

Federal Reserve: Observations on the Ag Economy- August 2018

Since the last report, weekly comparisons indicated lower commodity cash prices for some recently tariffed agriculture exports such as soybeans, and the USDA has announced a financial relief program for affected agriculture producers. Sixth District- Atlanta– “Agriculture conditions across the District continued to be mixed. Drought conditions were little changed from the previous report; most of the District remained drought free although there were reports of abnormally dry conditions in much of Louisiana and in parts of Mississippi and Alabama. [node:read-more:link]

Tariffs Hit Fruit Growers Hard at Harvest

Ray Norwood, Director of Sales and Marketing for Auvil Fruit Co., told the news outlet the operation had to lower prices and find alternative destinations for the cherries. Auvil Fruit Co. exports about 80% of the operations’ cherries. Apple growers are equally nervous about the harvest season this year, with China imposing stiff tariffs on U.S. goods including fruits and nuts in retaliation to a U.S-imposed tariffs on imported goods from China.Tariffs on 10 fruit and tree nut exports are expected to cost U.S. [node:read-more:link]

Tariffs will cost U.S. dairy farmers $1.5B this year

A study by Informa Economics found retaliatory tariffs by China and Mexico will reduce U.S. dairy farmer revenue by $1.5 billion in 2018 and $3 billion in 2019 if they remain in place.While U.S. dairy producers appreciate USDA’s plan to purchase dairy products and increase funding to develop foreign markets in its tariff-mitigation strategy, they say the agency’s plan to distribute $127 million in direct payments to dairy producers falls far short of what’s needed. [node:read-more:link]

Dairy Troubles in Indiana: What Affects Where Your Milk Comes From

Tariffs, oversupply and European policies may all be to blame for some Hoosier dairy farm troubles.  The dairy industry is dealing with some tough times and that trickles down to Hoosier dairy farmers. You may have heard the story of one Indiana farm where milk will no longer be produced. Joe Kelsay said his troubles don't just come from the tariffs on exports, but from a long downward trend in the market. Deb Osza, CEO of the American Dairy Assoc. [node:read-more:link]

Farmers reeling from record year of wildfires

In the era of climate change, record-setting fires are the new norm — something farmers are learning to adapt to. Delbar says it will be weeks if not months before the USDA compiles a comprehensive list of fire damage on Mendocino and Lake County farms, an area known for its vineyards, orchards and organic vegetable farms, in addition to a handful of large ranches. [node:read-more:link]

African swine fever outbreak in China major threat to US pork

News that China broke with African swine fever (ASF) generated great concern for many in the US swine industry, including Scott Dee, DVM, Pipestone Veterinary Services. “This is a very challenging situation,” Dee told attendees at a recent swine-health conference in Macomb, Illinois. “ASFV is a very tough virus…and difficult to clean up should it get into a premise.”No treatment or vaccines are available for ASF, which can cause up to 100% mortality. Surviving swine continue to shed the virus. The virus only affects swine and generally spreads through oronasal contact and not aerosol. [node:read-more:link]

U.S. Agricultural Exports Set July Record as China Trade Row Persists

U.S. agriculture exports set a record in July.  “It’s the best July that the U.S. has seen as far as agricultural exports go, the value total,” said Bryce Cooke, an economist with USDA’s Economic Research Service.  The total value of U.S. agricultural exports in July totaled just over $11 billion. In the radio update, Gary Crawford pointed out that the USDA trade data showed U.S. agricultural exports at $122 billion for first ten months of the fiscal year (October – July), which is two percent ahead of last year. [node:read-more:link]

Idaho’s economy depends on ‘foreign-born’ workers

It’s August in southern Idaho, and all is calm for the region’s dairy workers. But after four workers were picked up by Immigration and Customs Enforcement, better known as ICE, in July, Latino families have mostly stayed inside, missing church and otherwise lying low. In dairy country, the anxiety is constant. [node:read-more:link]

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