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HOW COVID MISINFORMATION CREATED A RUN ON ANIMAL MEDICINE –

For more than a year, misinformation that ivermectin is effective at treating or preventing the coronavirus has run rampant across social media, podcasts and talk radio. Even as the Food and Drug Administration has said the drug is not approved to cure COVID and has warned people against taking it, sales for the medicine have gone up and the demand has strained the equine and livestock world. (New York Times)

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ERS: STEPPED-UP BASIS TAX PROPOSAL IMPACTS 20% OF FARMS –

For months farmers have been concerned about proposed tax changes, including the elimination of stepped-up basis. New research from USDA’s Economic Research Service confirms those concerns are warranted as nearly 20% of farms could have an increased tax liability, including 65% of the value of U.S. farm production. (Farm Progress)  

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WEEKLY AGRICULTURE: VILSACK TAKES ANOTHER SHOT AT MEAT INDUSTRY CONCENTRATION –

Agriculture Secretary Tom Vilsack is expected to announce another step toward addressing consolidation in the meat and poultry sector, an issue that’s become a bipartisan priority since the start of the pandemic. U.S. Trade Representative Katherine Tai is set to lay out the Biden administration’s China strategy, including enforcement of the Phase One trade deal and its impact on U.S. agricultural goods. (Politico)

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THE TRANSATLANTIC RELATIONSHIP DESCENDS INTO A FOOD FIGHT –

The brewing Cold War between the EU and U.S. over the future of farming risks undermining not only tens of billions of euros’ worth of agricultural trade annually, but also threatens to undercut the more fundamental aspiration to reverse global warming through cooperation on food systems. (Politico)

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