Corn Gluten Feed
The government of Algeria has lifted a value-added tax (VAT) on U.S. distiller’s dried grains with solubles (DDGS) and corn gluten feed (CGF) for 2018, affording new opportunities this marketing year.
Trade will continue to be a hot topic in 2018, and the U.S. Grains Council (USGC) has a diverse set of resources to aid in talking about trade issues in the new year.
Washington, D.C. - Exports of U.S. feed grains and related products provide critical support across the U.S. economy, offering billions in economic direct and indirect economic benefits to farmers, rural communities and the nation as a whole.
Based on figures provided Thursday by the U.S. Department of Agriculture (USDA) and analyzed by the U.S. Grains Council (USGC), the United States exported 114.1 million metric tons of feed grains in all forms (GIAF) from September 2016 to August 2017, a 12 increase from the prior year and a new record for the category.
Saudi Arabia has nearly doubled purchased of U.S. corn this marketing year due to a combination of favorable government policy shifts, competitive prices and market development work by the U.S. Grains Council (USGC).
End-users in Europe, the Middle East and North Africa are purchasing increasing amounts of U.S. co-products, including distiller’s dried grains with solubles (DDGS) and corn gluten feed/meal, thanks to advantageous pricing in recent years.
Building on these cost competitive deals, the U.S. Grains Council (USGC) conducted a conference in Rome, Italy, last week to connect end-users from both regions with U.S. farmers, grain suppliers and technology companies for education and the opportunity to make or negotiate sales.
Free trade agreements help provide market access for some of the largest purchasers of U.S. grains and for some smaller but steady buyers. Israel, as the first market with which the United States signed a free trade agreement, is a good example.
Exports of U.S. feed grains have a promising outlook after the completion of the first quarter of the 2016/2017 marketing year, according to recently published U.S. Department of Agriculture (USDA) trade data.
Total exports of feed grains in all forms in September, October and November 2016 reached 27.9 million metric tons (1.1 billion bushels), up 32 percent from the same quarter last year.
With a record crop year in the books, U.S. farmers are now turning their sights to the 2017 planting season. And while there are still many unknowns - weather, crop yields, market fluctuations and a new political environment - one thing is certain: strong trade policies and dedicated market development will be critical to their success.
Growing and maintaining export markets is essential for U.S. farmers and ranchers, especially at a time of low commodity prices and abundant supply. USDA's Market Access Program (MAP) and Foreign Market Development (FMD) program play a critical role in this effort and offer both farmers and taxpayers an excellent return on investment, according to a new study that looked at program impact over the past four decades.