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USDA forecasts smaller drop in 2024 farm income

Chicago | Reuters – U.S. farm income will fall for a second consecutive year in 2024, but not as much as previously expected as prices of livestock and egg products boom and production expenses ease, the U.S. Department of Agriculture said on Thursday. Declining farm income could ripple across the rural economy in a presidential

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U.S. to spend $7.3 billion on rural clean energy projects

Reuters – President Joe Biden’s administration on Thursday said the U.S. will spend $7.3 billion from 2022’s Inflation Reduction Act to fund clean energy projects helmed by rural electric cooperatives. The 16 funded projects will reduce energy costs and increase reliability for rural Americans, who tend to pay more for energy, the White House said.






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Sustainable aviation fuel won’t short food supply, manufacturers say

MARKETS Manufacturers of sustainable aviation fuel say the increase in light duty electric vehicles has created an ethanol surplus

Glacier FarmMedia – Sustainable aviation fuel manufacturers say they won’t compromise food supplies despite consuming large volumes of agricultural products. The U.S. government has established goals of scaling up SAF production to three billion gallons by 2030 and 35 billion gallons by 2050. Most of that fuel is expected to be made using agricultural feedstocks,


Chinese president Xi Jinping’s growing isolation could translate into growing paranoia, economic analysts warn.

Rising U.S.-Chinese tensions raise concerns about trade

Market observers point to moves over the past few years by China and the West to disengage

Glacier FarmMedia – The trade relationship between China and the United States is deteriorating and poses a threat for U.S. farmers, say analysts. “They are shifting away from the United States rather than sending their money here,” StoneX chief economist Arlan Suderman said during a live taping of the U.S. Farm Report at the 2024




The pork industry expects to struggle with a supply-demand imbalance through much of 2024.

Proposition 12 ‘insulting,’ but economic effects muted

Regulations requiring more space for pregnant sows won’t be as damaging as feared, says California economist

Newly imposed animal welfare regulations in California will have little economic impact on the North American hog sector, an agricultural economist with the University of California Davis predicts. “California consumers like me are going to pay, I don’t know, five or 10 per cent more for pork that’s covered by the policy, which means a