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7 ag stories you might have missed this week - Feb. 28, 2020

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Changes in British subsidies post-Brexit, ARC-county potential payments and Cargill will launch plant-based hamburger patties.

It's been a busy week in ag news. Here are seven stories from the week.

1. Trade has been at the forefront since President Trump took office. On the heels of updates to trade deals with China, Japan, Mexico and Canada, an examination of how these agreements might move the needle on demand for your farm products. – Farm Futures

2. Agricultural experts caution that the coronavirus outbreak could impede China's ability to buy a promised $80 billion in farm goods from the United States. Movement of goods in and out of China has all but stopped, businesses remain closed and workers are staying home. Chinese ports have no space for new ships carrying refrigerated cargo and there are long delays offloading other types of cargo. –

3. The first county yield data released Feb. 20 by USDA's National Agricultural Statistics Service suggests soybean farmers will have a better shot at aid when ARC-county checks are cut in the fall. – Farm Futures

4. The dairy sector has struggled for years with low milk prices and rising bankruptcies among small farmers and big milk processors. Fluid milk consumption has been falling in the U.S. for years, but consumers are actually buying more dairy goods overall. – Politico

5. Cargill will launch plant-based hamburger patties and ground products in April, challenging Beyond Meat and Impossible Foods for sales in grocery stores, cafeterias and restaurants. Demand for meat alternatives has soared as consumers add plant-based protein to their diets. – Reuters

6. American farmers spend about $32 billion annually to rent land and the CEO of Tillable thinks the startup could be farmland's AirBnB or Zillow. But some farmers are concerned about Tillable disrupting relationships they've cultivated with landowners. - NPR

7. University of Wisconsin-Madison dairy economist Bob Cropp believes milk prices will remain strong in 2020. Cropp estimates the Class III milk price in 2020 will average about $18. – Wisconsin Agriculturalist

And your bonus.

Farmers in England are looking at subsidy cuts post-Brexit. Under the planned phase-out of the EU direct subsidy system based on land holdings, English farmers will instead be paid for environmental projects on their land. – Financial Times

TAGS: Business
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