January 19, 2020

Doha- Talks Continue

Categories: Doha / Trade /EU /Farm Bill

Additional news regarding agricultural trade and the Doha round of W.T.O. negotiations has been posted at the German Marshall Fund’s Trade & Development webpage.

Click here for complete details.


Ethanol, Corn Prices

Categories: Ethanol /Farm Bill

I. Ethanol
II. Cold Weather Hurts Growers

I. Ethanol

Dan Chapman, writing in yesterday’s Atlanta Journal-Constitution, reported that, “A constellation of high oil prices, government support and private capital fuels ethanol fever nationwide. Nearly 80 new plants are under construction or proposed, and ethanol production could more than double to 12 billion gallons within two years.

“On Jan. 4, the day Congress convened, Senate Democrats and Republicans introduced the BioFuels Security Act, requiring the oil industry to blend 60 billion gallons of ethanol and biodiesel by 2030. The upcoming farm bill will likely pump billions more dollars into renewable-energy programs.

“The ethanol elixir is potent medicine for a country addicted to oil. But the fuel-from-corn cure could prove more damaging to the national and global economies, and consumers worldwide, than the current pain.”

California Farmers Scrambled This Weekend to Salvage Crops From Freezing Temperatures (Sacramento Bee)

Mr. Chapman added that, “Demand for corn jacks up the price of corn feed used by the beef, pork and poultry industries, as well as myriad products that depend upon corn-based additives. Consumers could pay more for Corn Flakes, Coca-Cola, milk and salad dressing, food companies warn.

“High-priced and hard-to-get corn could also inhibit poor countries’ ability to feed their people. U.S. exports might dwindle and lead to shortages if domestic food and fuel production takes precedence.”