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Bob Larson No 2019 Farm Aid and Hurricane Michael Recovery
by Bob Larson, click here for bio

Program: The Agribusiness Update
Date: November 07, 2018

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From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.

**The Trump administration has no plans to extend aid to farmers in 2019, assuming the market will recover in spite of the trade war with China.

That’s according to Ag Secretary Sonny Perdue who says the trade war impacted “farmers after they made planting decisions for 2018.”

Agweb.com reports, Perdue didn’t disclose a specific date for the second round of funding or an estimate for how much longer the trade war could continue, saying the onus is on China.


**Georgia farmers are still counting the losses from hurricane Michael that hit during harvest season for many crops, including peanuts.

Agwired.com reports, the remaining 50-percent of the peanut crop has yet to be harvested as conditions deteriorate and damaged peanut buying points struggle to regain power to dry and grade the peanuts.

The Georgia Peanut Commission is meeting with federal and state officials to determine the impact on growers and infrastructure.


**Beyond Meat, the LA-based manufacturer of plant-based burgers, is the focus of Wall Street rumors that the start-up, with an impressive list of investors, may go public.

According to Forbes, JP Morgan, Credit Suisse and Goldman Sachs are being targeted to lead the deal to take Beyond Meat public on Wall Street.

Agweb.com reports, Beyond Meat raised $55 million in a round of fundraising led by Cleveland Avenue, a venture capital firm founded by former McDonald’s CEO Don Thompson.


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