farm

Farm Bureau Details Trade, Tariff Impacts on Agriculture

Dan Industry News Release, Trade

For the growth and renewed prosperity of agriculture, particularly with farm income on a downward slope, current trading relationships must be preserved and new opportunities for agricultural trade must be secured, the American Farm Bureau Federation said in a recent statement to the Senate Agriculture Committee. “Farm Bureau urges our trade officials to engage in discussions with our trade partners …

trump

Trump: the U.S. Under “No Pressure” to Make Deal with China

Dan Industry News Release, Trade

President Donald Trump pushed back at the Wall Street Journal, which ran an article saying the U.S. was under pressure to make a deal with China. The Hill Dot Com says Treasury Secretary Steven Mnuchin recently invited Chinese officials to come to Washington for negotiations, which Beijing accepted. The Wall Street Journal reported that the invite came about because of …

asf

ASF Found in Belgium and Spreading in China

Dan Industry News Release, Pork

Belgian authorities confirmed that the African Swine Fever (ASF) Virus has been found in their country. That’s adding to increasing worries about the virus moving into western Europe. The trade association website Meating Place Dot Com says the country’s food safety agency has found the virus in two wild boars in the southern part of the country. Belgian authorities are …

import

China Cuts Soybean Import Forecast

Dan Exports/Imports, Industry News Release, Soybeans, Trade

China this week lowered its forecast for the 2018-2019 import season for soybeans due to the trade conflict between the U.S. and China. Farmers are reducing their use of soybeans in animal feed in China as China has placed massive tariffs on U.S. soybeans. Imports of soybeans in the crop year that starts on October first will be 83.65 million …

USDA Details Trade Damage Estimate Calculations

Dan Economy, Industry News Release, Trade

U.S. Secretary of Agriculture Sonny Perdue released a detailed accounting of how the U.S. Department of Agriculture (USDA) calculated estimated damage from trade disruptions.  USDA’s Office of the Chief Economist developed an estimate of gross trade damages for commodities with assessed retaliatory tariffs by Canada, China, the European Union, Mexico, and Turkey to set commodity payment rates and purchase levels …

farm

Industry Coalition Opposes New China Tariffs

Dan Industry News Release, Trade

A coalition of more than 150 business groups, including several in agriculture, wrote a letter to U.S. Trade Representative Robert Lighthizer this week regarding trade. The Hagstrom Report says the groups fear additional 10 percent or 25 percent tariffs, put in place under Section 301 authority, will backfire. The letter says, “Continuing the tit-for-tat escalation with China only serves to …

african swine

African Swine Fever Accelerating in China

Dan Industry News Release, Pork

China reported a new case of African swine fever this week, raising risks of a further spread of the disease. The new outbreak is the seventh reported since early August. A Rabobank analyst told Reuters that “it looks like it’s accelerating,” and creating the expectation that farmers will start selling off pigs before they are forced to cull animals if …

soybean

China Predicted to cut U.S. Soybean exports

Dan Exports/Imports, Industry News Release, Soybeans, Trade

China’s exports of U.S. soybeans are expected to plummet over the next marketing year, according to the latest forecast. A soybean crushing industry executive told Reuters this week that China will almost entirely replace its soybean imports from the United States with Brazilian beans and other origins in the upcoming season. The latest forecast from China predicts Imports from the …

farm

Trump Threatens to Add $200 Billion in More Tariffs

Dan Exports/Imports, Industry News Release, Trade

Bloomberg says President Trump wants to proceed with another $200 billion in tariffs on Chinese imports as soon as the public comment period wraps up next week. Six people familiar with the matter spoke anonymously with Bloomberg for the article. Companies and people have until Sept. 6 to submit comments on duties that will cover everything from semiconductors to selfie …