FarmPolicy

August 17, 2019

CAP Health Check

Categories: EU

Ben Hall, writing on Wednesday at The Financial Times Online, reported that, “President Nicolas Sarkozy of France on Tuesday opened the way to a more radical reform of Europe’s Common Agricultural Policy after he promised to initiate a fundamental debate about its purpose next year.

“In his first big speech on agriculture, Mr Sarkozy said the CAP needed to be overhauled after 2013 and that France would begin to discuss the issue when it takes over the EU’s rotating presidency next year.

“The speech marked a change of approach by France, which had reluctantly agreed to a ‘health check’ of the CAP next year but had little intention of discussing, let alone implementing, far-reaching reform for the next five years.”

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Brazil Eyes U.S. Ethanol Subsidies at WTO

Yesterday, the U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS) released their latest Crop Production report.

In part, the NASS report stated that, “Corn production is forecast at 13.3 billion bushels, up 2 percent from last month and 26 percent above 2006. Based on conditions as of September 1, yields are expected to average 155.8 bushels per acre, up 3.0 bushels from August and 6.7 bushels above last year. If realized, this would be the second highest yield on record, behind the 160.4 bushel yield in 2004. Production would be the largest on record as growers expect to harvest the most corn acres for grain since 1933.”

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