Canada’s ambassador to the U.S. says the target date of March as a finishing point to the North American Free Trade Agreement (NAFTA) negotiations is very possible. He tells Bloomberg it’s possible if the three sides can overcome some sticking points, including U.S. demands for tougher auto quotas. David McNaughton tells Bloomberg he’s hopeful the deal with be done by …
Corn Industry Meet with Mexico Regarding Trade
Corn industry leaders visited Mexico last week to reinsure the importance of trade. The National Corn Growers and the U.S. Grains Council hosted the joint mission, which also included a group of leaders visiting South Korea. NCGA President Kevin Skunes was part of the group that traveled to Mexico. Trip The group met with agriculture officials, grain association representatives and …
Farmers Discuss Trade with South Korea
U.S. farmers travelled to South Korea recently to ensure the importance and willingness to continue trade between the two nations. South Korea is a top destination for U.S. corn. The U.S. and South Korea are considering a renegotiation of KORUS, The U.S.-Korea Free Trade Agreement. U.S. Grains Council Chair Deb Keller says that as those talks continue, South Korea also …
State Farm Bureau Study Estimates Cost of NAFTA Withdraw
A study from the Nebraska Farm Bureau finds withdrawal from the North American Free Trade Agreement (NAFTA) could cost farms in the state up to $55,000 each, annually. The report identifies the 2016 export value of individual Nebraska agriculture commodities to both Canada and Mexico. Analysis in the report also assigns a dollar value of NAFTA on a unit basis …
USDA Emphasizing Trade Expansion
Ted McKinney, the new USDA Undersecretary for Trade and Foreign Agricultural Affairs, has been busy since being sworn in. He’s visited India, Brazil, Colombia, and Panama recently with the goal of increasing trade opportunities. Capital Press Dot Com says the U.S. Department of Agriculture (USDA) is putting a new emphasis on generating more trade opportunities overseas for American agriculture. Ag …
Mexican Ambassador: 50% Chance NAFTA is Terminated
The Mexican Ambassador says there is a 50-50 chance that the North American Free Trade Agreement (NAFTA) will be “terminated.” Geronimo Gutierrez says there are tensions hanging over the three sides in the negotiations and that’s creating an air of uncertainty. The Hill Dot Com says despite that, he still thinks a deal to update the agreement can be done …
Trump Talks Trade with Senators
Several pro-trade Republicans met with President Donald Trump on Tuesday to discuss trade. Their goal was to let the president know on a face-to-face basis how important the North American Free Trade Agreement is and to keep negotiating. U.S. officials have taken a hard-line stance in the negotiations with Canada and Mexico, causing concern that the talks could fall apart …
NAFTA Has Been Good for Peanuts
The U.S. exported more than $12 billion of agricultural products to Mexico last year, including over 82,000 metric tons of peanuts. According to a story from Tyron Spearman, Mexico now ranks the number two buyer of U.S. exports, and overall NAFTA has been good for the peanut industry. NAFTA Has Been Good for Peanuts Sponsored ContentFlorida Cattle Enhancement Board Provides …
U.S. Rice Production Down, Prices Up
Rice production in the United States is down 20 percent compared to last year, while futures prices for the commodity are up 30 percent from a year ago. Online source World-Grain reports the drastic reduction largely was the result of reduced planted and harvested area as rice lost acreage mainly to soybeans and cotton. Rice prices were dropping in March …
Korea Submitting Plan to Renegotiate KORUS
South Korea trade officials announced Monday the government will submit a plan to renegotiate the U.S.-Korea Free Trade Agreement (KORUS) to the nation’s National Assembly government body. South Korea’s Trade Minister met with officials from 20 ministries and government regarding KORUS, and the plans to renegotiate the trade agreement. A senior trade official told the Korea Herald newspaper: “We hope …