As the U.S. Department of Agriculture prepares to dole out $12 billion (C$16.4 billion) in government subsidies next week, officials and economists at the agency’s annual forum near Washington defended the assistance as a necessary measure to prevent more farmers from financial ruin.
USDA defends $12 billion subsidy amid farm economy challenges
Canada December retail sales down 0.4 per cent; seen up 1.5 per cent in January
Canadian retail sales decreased by 0.4 per cent in December to $70 billion on a monthly basis, led by a drop in sales at motor vehicle and parts dealers, Statistics Canada said on Friday.
Trump declares 10 per cent global tariff after Supreme Court decision
Exemptions carved out for imports of beef, tomatoes, any CUSMA-compliant goods
The U.S. Supreme Court struck down on Friday President Donald Trump’s sweeping tariffs that he pursued under a law meant for use in national emergencies.
How China plans to dominate global trade long after Trump
Beijing is exploiting Trump-era uncertainty to stitch its manufacturing base into the world’s biggest economic blocs, aiming to end decades of U.S. trade leverage.
Deere lifts full-year profit forecast as construction, sales rebound; shares soar
Farm-machinery maker Deere & Co raised its annual profit forecast and beat first-quarter results estimates on Thursday citing cost-cutting initiatives to protect margins and recovery in its construction and small agriculture units.
Canada’s global trade gap narrows; U.S.-bound exports hit new low
Canada’s trade deficit narrowed in December even as its share of exports to the United States dropped to the lowest level on record, barring two months during the peak of the COVID-19 pandemic, data showed on Thursday.
Bayer: glyphosate shortages not expected outside U.S. after Trump invokes Defense Production Act to secure supply
U.S. President Donald Trump on Wednesday signed an executive order invoking the Defense Production Act to ensure an adequate U.S. supply of elemental phosphorus and glyphosate-based herbicides, the White House said.
Top potash producer Nutrien misses fourth-quarter profit estimates
Nutrien missed analysts’ expectations for fourth-quarter profit on Wednesday, as lower sales in its crop nutrients business weighed on the world’s top potash producer.
As U.S. agriculture flails, farmers see big corn acres as best bet to break even
U.S. farmers are expected to only cut back slightly on corn acres as it nears break-even prices and seems less politically risky than soybeans.
Bayer proposes $7.25 billion plan to settle U.S. Roundup cancer suits
Bayer said on Tuesday its Monsanto unit had filed a proposed U.S. class settlement totalling as much as $7.25 billion (C$9.89 billion) aimed at resolving all current and future claims that its Roundup weedkiller caused cancer.
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