The UN’s Food and Agriculture Organization’s Food Price Index averaged 121.4 points in August, a 2.6-point drop from July, reversing the rebound registered that month.
Building on a robust first half of the year, July pork exports continue to outpace 2022 levels. The U.S. and India resolved their last outstanding dispute at the World Trade Organization.
House Ag Chair GT Thompson says, "We're probably going to need an extension," referring to the 2023 Farm Bill. U.S. consumers remain interested in plant-based meat alternatives, but higher prices have slowed purchases.
Federal lawmakers from California have introduced legislation to create permanent disaster relief for farmers who lose crop revenue due to severe drought, massive wildfires and flooding.