agribusiness

Argentina, Brazil Could Fill The U.S. Soybean Export Gap

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Argentina and Brazil may fill China’s soybean needs if China imposes a 25 percent tariff on U.S. soybean exports. Chad Hart, an agriculture economist at Iowa State University, said the impact depends on what happens during negotiations. IOWA NOTE: China is the second-largest market for Iowa exports ($2.3 billion in 2016 – $1.8 billion of it oilseeds and grains), behind Canada ($3.4 billion in 2016). “It is so hard to say, ‘This is what is going to happen.’ There are so many other moving parts,” he said. “This is a disagreement between the U.S. and China, but it has ramifications for Argentina and Brazil.”

Earlier this month, the United States and China both announced taxes on billions of dollars worth of imported goods — China is seeking tariffs on $50 billion worth of U.S. products that include soybeans and pork, while the U.S. announced taxes on $150 billion worth of 1,300 Chinese products, including electronics.

climate change

Report: Public Filings Lack Enough Information On Climate Change Risks

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Investors may not know the risks climate-related events could have on companies based on public filings, a new report from the Government Accountability Office found. The Securities and Exchange Commission reviews filings to make sure that companies follow federal securities laws in disclosing information to investors. In 2010, the SEC issued guidance on how climate-related information should be disclosed in public filings. But the oversight office cannot fully review the climate-related risks companies disclose in public filings because of inadequate information, according to the independent report publicly released March 22. “When companies report climate-related disclosures in varying formats and specificity, SEC reviewers and investors may find it difficult to compare and analyze related disclosures across companies’ filings,” the GAO reported.

Business & Consumer Affairs

ADM, Monsanto campaign dollars fuel congress, not presidents

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Although agriculture is a $31 billion industry in Iowa, it’s a topic absent from this election season’s share of presidential stump speeches. That’s not all too surprising, though. Instead of getting involved in presidential elections, major agribusinesses have historically chosen to pump their money into congressional races.