The United States has the biggest agriculture industry on earth, yet farmers face mounting pressure from Russia, Brazil, and Ukraine. Those rival countries, as well as others, are well-positioned to profit from the United States pulling back from trade deals.
The U.S. agriculture industry depends heavily on exports, with more than half of U.S. wheat, rice, cotton, and soybean production traded overseas. Uncertainty over Trump’s farm policy, along with his administration’s clear signals to scuttle multilateral trade agreements, could be good news for farmers in Russia, Brazil, and Ukraine. With Trump pulling out of the Trans Pacific Partnership on trade, which was backed by farmers, countries that remain in the partnership may have preferential access to important markets.
Ukraine’s black earth could make the country a world leader in agriculture, but the country still suffers for a lack of finance and infrastructure. If Ukraine could settle its conflict with Russia over Crimea, foreign investors would have more confidence investing in the country.
A good climate and great soil has contributed to the success of Ukrainian farmers in the global food market. Current projections suggest that Ukraine will rise to third place in world agricultural production, following United States and Brazil. But outdated technology and uncertain land use regulations are holding back some of the capital investment required to expand agricultural production in Ukraine.
With the integration of Eastern European countries into the European Union, large disparities in wages across the EU became evident. As a result, many Western manufacturing firms started shifting labor intensive manufacturing jobs to Eastern regions. Meanwhile, many Eastern workers started looking westward for higher wages. The result of those two trends has now led to low unemployment in Eastern Europe, and companies are struggling to find enough workers for factory jobs.
High prices for milk last year caused farmers in many countries to invest in increased production.This year, with markets slowing in China and trade tensions with Russia, global trade in dairy products is down. Hence, dairy farmers worldwide are in a tough financial bind.
Exxon's big bets in Russia can't pay off until sanctions are lifted.
A U.S. government report names names in the business of fakes.
The currency this year has dropped almost 30 percent against the dollar.
The declining value of the Russian ruble is making imports more expensive, thus impacting consumer spending and importers' business.
The shadow of Communism lingers 25 years on.
Sanctions against Russia over its Ukraine policy won't impact a key source of Russian revenue—oil—because the West doesn't want to see higher oil prices.
As a result of the conflict in Ukraine, exports of many agricultural products from the EU to Russia have stopped, which is good news for EU consumers, bad news for EU farmers.
Russia’s ban on EU fruit and vegetables has hit farmers and triggered fears of deflation.
As patriotic fervor flourishes, Russian consumers cut spending.
Oil prices could badly damage the world’s economic recovery if they reach $120 a barrel.
Germany is exploring the possibility of harsh sanctions. Will Europe follow?
Target's security monitors in India noticed the malware on its U.S. servers almost immediately, but the red flags were ignored.
Media companies are now producing original content sit-coms, dramas, and mini-series in Eastern European countries.
PepsiCo collects $5 billion in annual sales in Russia, its second-largest market after the U.S., which it’s using as a staging ground for expansion into fast-growing Eastern Europe.
PepsiCo sells $5 billion worth of products a year in Russia and is using the market as a staging ground for expansion into Eastern Europe. And it's not just about selling Pepsi anymore.
As the Soviet Union was disintegrating, Alex Rovt made a fortune using connections, barter, countertrade, and complex deals to establish a significant position in the fertilizer business.
Coffee consumption and economic growth appear to be linked.
The IMF has had little to do for the past few years, but now it's back helping countries in need of emergency loans.