From the Ag Information Network, this is your Agribusiness Update.
**Ag Secretary Brooke Rollins announced the cancelation of the Partnerships for Climate-Smart Commodities.
Following a thorough line-by-line review of each of the
Biden-era partnerships, it became clear the majority of these projects had sky-high administration fees, which in many instances provided less than half of the federal funding directly to farmers.
Select projects may continue if it is demonstrated that a significant amount of the federal funds awarded will go to farmers.
**The Mexican government says it will begin talks with the U.S. to renew a bilateral agreement on Mexico’s tomato exports, a day after the U.S. announced it’s pulling out of the agreement.
That would mean a 21% tariff on Mexican tomato imports beginning July 14.
The agreement is meant to help U.S. producers compete on a level playing field.
It went into effect in 1996 and was renewed in 2019.
**Bayer says it may stop producing glyphosate, the world’s most popular weedkiller unless it can get court protection against a string of recent lawsuits blaming the herbicide for causing cancer.
The Wall Street Journal says Bayer currently produces about 40% of the world’s glyphosate needs, which farmers use to kill weeds that threaten their crops.
The move would force U.S. farmers to rely on imported glyphosate from China.