Jim Wiesemeyer

Jim Wiesemeyer was a Pro Farmer contributor as the Washington Bureau Chief. His columns provided expertise and insight on farm policy, trade policy and Washington politics.

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U.S. Labor Secretary Marty Walsh remained optimistic about contract negotiations between workers and shipping companies for some of the country’s most important ports, even as talks extend past a previous deadline.
The CPI, an inflation gauge measuring what consumers pay for goods and services, rose 1.3% from May to June. Prices were up across the economy, with gasoline far outpacing other categories, up 11.2%.
USDA Secretary Tom Vilsack announced agricultural producers have already received more than $4 billion through the Emergency Relief Program (formerly WHIP+), representing 67% of the $6 billion projected to be paid.
The move is contingent on legislative action, which would temporarily lift the 18.3 cents tax per gallon on gasoline and 24 cents tax per gallon on diesel during the summer months.
Economists see interest-rate increases raising likelihood of recession to 44% in coming 12 months.
The Cattle Price Discovery and Transparency Act and Meat and Poultry Special Investigator Act are both expected to get votes ad approval from the Senate Ag Committee this week, despite expected Republican opposition.
Transforming the U.S. food system by improving supply chains and addressing issues exposed by the Covid-19 pandemic was detailed by USDA Secretary Tom Vilsack during a speech at Georgetown University.
Shanghai offered some tax rebates for companies and allowed all manufacturers to resume operations from June as authorities rolled out policies to revitalize an economy impacted by Covid-19 lockdowns.
USDA is making $200 million available to create a new meat processing capacity expansion program, providing $25 million for workforce training under the Meat and Poultry Intermediary Lending Program (MPILP).
USDA raised its estimated range of 6.5%-7.5% y/y increase from a range of 5%-6%, according to the May Food Price Outlook report, the highest forecast for all food prices and restaurant prices since 1981.