Foreign investment in U.S. farmland has tripled in the past 10 years, reporters at a non-profit investigative journalism group found.
Investigate Midwest used U.S. Department of Agriculture data to call attention to this trend. Farmer Joe Maxwell, co-founder of the group Farm Action, told The Center Square that control of U.S. farmland by foreign investors is worrisome on a number of fronts.
Food prices in the U.S. may get worse in the coming months as European Union countries predict a dismal wheat harvest on top of the loss in Ukraine’s wheat exports, The Wall Street Journal reported on Thursday.
The EU may produce 5% less wheat than 2021 because of dry weather, agriculture consulting firm Strategie Grains told the WSJ.
The Biden Department of Agriculture (USDA) has announced that all state and local agencies that receive federal funding for meals, a category that includes schools, must not discriminate based on sexual orientation and gender identity.
In a press release dated May 5, the USDA Food and Nutrition Service (FNS) announced it would now interpret the ban on discrimination based on sex included in Title IX of the Education Amendments of 1972 and food-related legislation and programs, such as the Supplemental Nutrition Assistance Program (SNAP), formerly the Food Stamp program, to include sexual orientation and gender identity.
The U.S. Department of Agriculture expects U.S. food prices to increase by at least another 5% on average this year as the majority of Americans surveyed in a new poll cite cost of living increases as a top concern and lack of confidence in President Joe Biden’s ability to do anything about it.
Rising prices are due to inflation, the Federal Reserve increasing interest rates, and consequences of Russia invading Ukraine, the USDA states in its most recent monthly Food Price Outlook, which forecasts retail food inflation.
There’s an old saying that we should invest in land because there’s a limited amount of it, so it won’t lose its value.
But when it comes to farmland in the United States, there could be a more pressing reason to invest these days – national security.
The Department of Justice (DOJ) on Monday failed to formally file an appeal in federal court against an injunction that was issued against one of the most controversial aspects of the $1.9 trillion coronavirus stimulus bill, leaving the future of planned reparations for non-White farmers in doubt, as reported by Politico.
Monday was the deadline for the DOJ to do so, 60 days after federal judges ultimately ruled that the $4 billion program, which would forgive the debts of exclusively non-White farmers, was unconstitutional and thus could not be implemented. The measure was one of many elements of the bill passed by Congress and signed into law by Joe Biden in March.