Monday, June 3, 2024

Members in the News: June 3, 2024

David Ortega, Michigan State University

China-Tied Food Companies Fight Curbs on US Farmland Ownership

By: Bloomberg – May 23, 2024

“It’s important to keep in mind that the US has interests and land in foreign countries as well. And if China wanted to buy fewer US agricultural goods in retaliation. It is far easier for a country like China to find a new source of these types of agricultural products than it is for our American farmers to find new export markets.”

Read more on: Bloomberg

Amitrajeet Batabyal, Rochester Institute of Technology

Does a 100 percent tariff on Chinese EVs make sense?

By: Rochester Beacon - May 28, 2024

“Climate change is a significant problem for humankind. Therefore, most Americans now realize that we need to take concrete steps to get away from our dependence on fossil fuels, which are a key contributor to climate change. This explains the increasing demand for electric vehicles that generate no tailpipe emissions. In New York alone, there were nearly 85,000 EV registrations by 2022.”

Read more on: Rochester Beacon

Jeffrey Hadachek, University of Wisconsin-Madison
Steven Deller, University of Wisconsin-Madison

Celebrate Dairy Industry and Keep It Strong

By: Wisconsin Newspaper Association – May 28, 2024

“Even though the number of Wisconsin dairy farms has fallen dramatically, dairy is still a major industry for the state. According to a recent publication “Wisconsin Farming: Insights from the 2022 Census of Agriculture,” by Jeff Hadacheck and Steven Deller, total revenue from milking cows was $7.35 billion accounting for 44.0% of total farm revenues. That revenue came from 5,676 farms with milk cows, or 5.1% of all farms.”

Read more on: Wisconsin Newspaper Association

Rabail Chandio, Iowa State University

Farmland Values Increase at Slower Rate With Tighter Profits

By: Illinois Farmer Today - April 20, 2024

“Farmland has always been attractive as an inflation hedge. The survey shows the impact of rising interest rates. Interest rate hikes were the most important factor farmers mentioned impacting the farmland market. Higher interest rates have a more negative effect for young and beginning farmers who might not have as much cash on hand or land already paid for.”

Read more on: Illinois Farmer Today

Colin Carter, University of California, Davis
Sandro Steinbach, North Dakota State University

China Trade War Would Hurt California, Study Says

By: Farm Progress – May 28, 2024

“The impact on import tariffs for non-agricultural sectors would be even larger, with the average import tariff going up from 3.9% to 32.5%.”

“The last trade war between the United States and China led to significant decreases in crop prices and lost export opportunities. Once access to a market is lost, gaining it back is difficult, as the 2018-19 trade war has shown.”

Read more on: Farm Progress

Benjamin Brown, University of Missouri

US Ag Trade Deficit Widens

By: Brownfield – May7 30, 2024

“When there’s a trade deficit it’s easy to think U.S. agriculture isn’t being competitive globally, but “I’m not sure trade deficits signal the end of exports are coming for U.S. ag products. It just means we’re importing more than we’re exporting.”

Read more on: Brownfield

Jordan Shockley, University of Kentucky
Grant Gardner, University of Kentucky

EU to Require Soybeans to Be Deforestation-Free

By: Farm Progress – May 30, 2024

“This EU mandate will affect all elevators selling soybeans to Europe, prompting additional verification platforms across the U.S.”

“The push for non-deforested beans may affect local markets and grain marketing decisions in the future. Similar premiums will likely be offered for other sustainable agriculture efforts, such as carbon sequestration.”

Read more on: Farm Progress

Wendong Zhang, Cornell University

Is China Buying up All of US Farmland? No, Finds New Study: It's Canada

By: Morning Ag Clips – May 30, 2024

“I became interested in this, especially Chinese ownership of U.S. farmland, because of the political attention it was getting. And there’s an increase in state-level legislation, in Texas, Florida, Indiana and other places. We wanted to look at the facts, given the spread of rumors. Most people are surprised to find that China actually ranked so low in terms of total holdings, and most people wouldn’t necessarily think that Canada captures the lion’s share,” Zhang said. “Of course, Canada and China pose different national security risks, so the reaction is very different.”

Read more on: Morning Ag Clips

No comments:

Post a Comment