Impact of COVID-19 on Agriculture

Newsroom

Senate Passes $2 Trillion Aid Package

March 26, 2020 |

Zippy Duvall, president of the American Farm Bureau Federation, called on swift passage of the bill through Congress to provide resources to farmers. "The aid to farmers in this package, including funding for the CCC and the Office of the Secretary, will allow USDA to begin crafting an appropriate relief program for agriculture,"

Farmers Brace for Economic Hit From Coronavirus

March 26, 2020 |

“These type of black swan events, you can’t anticipate it,” said John Newton, chief economist for the American Farm Bureau Federation.

Farmers Need Economic Aid

March 25, 2020 |

“Farmers and ranchers face enormous volatility as markets and supply chains rapidly react to changes, but I’ll say again that farmers and ranchers will not let Americans down,” Zippy Duvall, AFBF president, said.

President Duvall on Importance of Immigrant Labor

March 25, 2020 |

Only returning H-2A workers that don't require in-person interviews are being allowed into the United States to work. Farm Bureau President Zippy Duvall tells Fox News "After the Bell" why those workers are so important to American agriculture.

Coronavirus Aid Package Critical for Farmers

March 25, 2020 | News Releases

The coronavirus aid package negotiated by Sen. Mitch McConnell (R-KY) and agreed to by Senate leaders and the White House will help ensure farmers and ranchers are able to continue feeding America in the midst of the COVID-19 crisis.
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Ethanol Plants Pushed Toward Unprofitability

Increased oil production capacity, a significant drop in demand and corn prices on the wrong side of breakeven have ethanol plants recalibrating

March 25, 2020 |

In recent years, Saudi Arabia and Russia have supported global oil prices by aligning to strategically limit oil production. The recent collapse of this strategic agreement has driven up oil production capacity. At the same time, the self-distancing and quarantine protocols put in place in many countries to slow the spread of COVID-19 have reduced economic growth and stymied the demand for crude oil. The dramatic effect of these dual black swan events is a 61% drop in the May crude oil futures value, which has fallen from more than $60 a barrel to $23 a barrel. The lower price of oil contributed to a 36% decline in the May ethanol futures price, from $1.41 per gallon to 90 cents per gallon as of the writing of this article. Figure 1 highlights the May crude oil and ethanol futures values.

Coronavirus Stalls New H-2A Visa Processing

March 24, 2020 | Newsline

A State Department decision to not process new H-2A visas means agriculture lacks access to new workers. Micheal Clements has more.
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Ag Day Thanks for our Food Chain Partners

March 24, 2020 |

In a normal year, many of us in agriculture would be attending National Ag Day events this week, gathering together to celebrate farmers’ and ranchers’ contributions to America’s quality of life, economy, sustainability and even national security. But this is not a normal year, and there is no gathering together.

Agriculture Groups Call on Lawmakers to Support Farmers During Coronavirus Pandemic

March 24, 2020 | News Releases

Forty-eight agriculture groups are calling on Congress to expand USDA’s borrowing authority under the Commodity Credit Corporation. Congress must act to ensure the CCC has the authority and funding to assist farmers and ranchers facing serious cash flow challenges during the coronavirus pandemic.
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The Scoop: A Q&A with ‘Chuck’s Ice Cream Wish’ Author Viola Butler

March 24, 2020 |

Read on to learn more about “Chuck’s Ice Cream Wish” author Viola Butler, including what inspired her to write the Dairy Godmother book, the book editing process and her favorite part of Chuck’s dairy-tale.

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