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 …

international

State Ag Officials Voice Concerns with Trade Approach

Dan Exports/Imports, Industry News Release, Trade

State agriculture officials say the Trump administration needs to aggressively seek market access across the globe, while expressing concerns with the administration’s trade agenda. The National Association of State Departments of Agriculture passed two resolutions this week during its annual meeting that leadership says reaffirms the critical importance of international trade to the organization. The group of state agriculture officials …

river barge traffic

Agri View: River Barge Traffic

Dan Agri View, Exports/Imports, Trade

Everett Griner talks about problems on the river with barge traffic in today’s Agri View. River Barge Traffic You have already heard more about those tariff trade wars than you want to. There isn’t anything I can’t tell you that you haven’t heard already. Well, maybe there is. Towns along the Mississippi River, mostly farm towns, are in great trouble …

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 …

pain

Agri View: Agriculture Feeling the Pain

Dan Agri View, Exports/Imports, Pork, Trade

Everett Griner talks about agriculture feeling the pain from the trade war in today’s Agri View. Agriculture Feeling the Pain The trade war situation keeps heating up. It isn’t just China. Mexico and Canada are becoming involved. It’s not just agriculture. But so far, agriculture seems to be in the most danger. Mexico imports more U.S. pork than China. Listen …

trade disputes

Producers Welcome Help But Want End To Trade Disputes

Dan Industry News Release, Pork, Trade

The National Pork Producers Council commended the Trump administration for providing assistance to America’s farmers suffering from the ongoing trade disputes with China, Mexico and other nations. The U.S. Department of Agriculture today announced details of a $12 billion aid package for U.S. agriculture, including a nearly $559 million purchase of pork for federal nutrition assistance and child nutrition programs, …

farm

China, U.S. Trade War Deepens with More Tariffs

Dan Industry News Release, Trade

The U.S. and China began rolling out more tariffs against each other this week as part of the tit-for-tat trade war between the two nations. The U.S. will collect an additional 25 percent in duties on Chinese imports ranging from motorcycles to steam turbines and railway cars, and the Chinese retaliation will see a similarly sized tax on items including …

export

Farm Export Prices Post Large Declines

Dan Exports/Imports, Industry News Release, Trade

U.S. agriculture export prices fell 5.3 percent last month. Data released by the U.S. Department of Labor shows the decline is the largest drop in farm exports since 2011. The decline in July followed a one percent decrease in June, which followed a 1.6 percent increase in May. The department says a 14.1 percent drop in soybean prices was the …

august creighton mainstreet index

Trade Assistance Details Still Being Worked Out

Dan Industry News Release, Trade

The Trump Administration announced its $12 billion plan to help farmers struggling under the escalating trade wars. Politico says there are still important details to be worked out, including just how much help farmers will get and how they’ll prove economic harm. More details are scheduled to come out after Labor Day. USDA Chief Economist Robert Johansson says soybean farmers, …