Richard Morrison is based out of the Informa Economics Washington, D.C. office, where he contributes to IEG Policy and other Informa Economics products and client services. He maintains a keen interest in the intersection of politics and economics, a passion of his since before college.
Since joining Informa, Richard has written extensively on the effect that government policy and market dynamics have on the agriculture and food sectors – in the US and globally. Being a Millennial, Richard leads the Washington news team in monitoring and developing items for social media.
He is a native of rural central Virginia and received his bachelor’s degree in economics from George Mason University.
Latest From Richard Morrison
The US and Taiwan reached a new organic equivalence arrangement which increases market access for organic US ag commodities to Taiwan, USDA’s Agricultural Marketing Service (AMS) announced Thursday (June 4).
Bipartisan legislation allowing emergency haying and grazing on Conservation Reserve Program (CRP) land due to challenges posed by the COVID-19 pandemic was introduced in both chambers of Congress today (June 5), quickly drawing praise from the National Cattlemen’s Beef Association (NCBA).
Day ahead – June 5, 2020: CFAP payments, ag trade data, beef antitrust probe, Perdue on dicamba ruling, farm groups condemn racism
USDA announced issued $545 million in payments as of June 3 under its Coronavirus Food Assistance Program (CFAP) and trade data showed a decline in US ag export values amid COVID-19 related impacts. Meanwhile, the Department of Justice (DOJ) has reportedly subpoenaed four major meatpackers as part of its beef market antitrust probe, USDA Secretary Sonny Perdue reacted to a court ruling banning the herbicide dicamba and ag groups are calling for action to address racism.
Thorny issues on agriculture are still present as the US-Mexico-Canada Agreement (USMCA) implementation date of July 1 draws near, according to a former Mexican trade negotiator for the North American Free Trade Agreement (NAFTA).
A federal grand jury has indicted four current and former chicken company executives on charges of price-fixing, finding they conspired to “suppress and eliminate competition” by rigging bids and fixing prices for broiler chickens.
Day ahead – June 4, 2020: US ag exports to China, PPP fixes, chicken price-fixing indictments, Campbell’s sales jump
There were more conflicting reports about the state of US ag exports to China and federal court overturned the Environmental Protection Agency’s (EPA) approval of dicamba herbicides. Meanwhile, the restaurant industry lauded Senate passage of a bill with fixes for the Paycheck Protection Program (PPP), former chicken company executives were indicted for price-fixing and Campbell Soup Company reported a jump in sales driven by the COVID-19 pandemic.