Debt-to-asset ratios are on the rise, working capital is eroding and farmers’ sentiments are on the decline. Despite the negativity surrounding prices and outlooks, Famer Mac is providing a voice of optimism.
Citing lower banana prices in Europe and an oversupply of pineapples North America, Coral Gables, Fla.-based Fresh Del Monte Produce Inc. reported higher sales but an overall loss for the quarter that ended June 29.
The White House announced after the markets closed Thursday that Trump had instructed the Office of the United States Trade Representative to consider whether $100 billion of additional tariffs would be appropriate.
President Donald Trump orders USTR to consider imposing tariffs on an additional $100 billion in Chinese imports, raising concern the world’s two largest economies were hurtling toward a full-blown trade war.
Dubbing it a “Blue Apron-type” program, the White House wants to shift some Supplemental Nutrition Assistance Program dollars from purchases at retail stores to boxes of non-perishables shipped to homes.