In this file:
· Pork producers increase spending on foreign marketing
· Foreign competitors outspending the U.S. 4 to 1 on export promotion
Pork producers increase spending on foreign marketing
By Tom Steever, Brownfield
February 8, 2018
Pork producers are investing more on developing overseas markets because of what those markets mean in value. Craig Morris with the National Pork Board tells Brownfield production of pork, beef, chicken and turkey will be greater in 2018.
“Moving that product internationally is going to be very important,” Morris told Brownfield Ag News at the Illinois Pork Expo, “because there’s just so much center-of-the-plate available domestically.”
2017 figures indicate that exports contributed $53.18 to the value of each hog marketed in the past year, said Morris.
“Because of that, the board increased their investment in international marketing by fully 9 percent into 2018, to roughly $6.7 million,” he said...
Foreign competitors outspending the U.S. 4 to 1 on export promotion
Legislative Watch: U.S. falling behind in ag export promotion; Congress passes another stop gap; USDA, FDA commit to working together; one-stop website running; outlook forum coming.
P. Scott Shearer, Bockorny Group
via aNational Hog Farmer - Feb 09, 2018
The European Union and several competing countries spent close to $1 billion in public funds on agricultural export promotion in 2016, outspending the United States 4 to 1. This represents an increase of 70% in real competitive public spending since 2011.
The total public investment alone from just the EU and four European countries are expected to exceed $550 million in 2019. The EU spends $300 million per year on just wine export promotion. The United States spends nearly $235 million per year on its major export promotion programs — Foreign Market Development Program and the Market Access Program.
This latest analysis of foreign export promotion program investment is from the study, “An Analysis of EU and Other Selected Foreign Export Promotion Programs,” commissioned by the Wine Institute and other agricultural associations. The study was conducted by Informa Economics.
Government funded through March 23
Early this morning Congress passed a Continuing Resolution that funds the federal government through March 23. The CR includes the two-year budget agreement that increases the spending caps for both defense and domestic spending, provides additional assistance for disaster relief, and raises the debt ceiling for one year.
The agreement includes additional assistance for cotton and dairy. The CR makes cotton eligible for the Price Loss Coverage program and reduces the cost of the Marking Protection Program for dairy producers. This will help relieve some of the funding pressures as the House and Senate agriculture committees begin writing the new farm bill.
The agreement will make retroactive for 2017 the various tax extenders, including the $1 per gallon tax credit for biodiesel. The tax extenders expired at the end of 2016.
USDA and FDA to work for better coordination ...
USDA unveils one-stop website ...
Ag outlook forum coming soon ...