seed

Farmers Express Frustration Over Trump Trade Tactics

Dan Industry News Release, Trade

American farmers are carrying the burden of trade tariffs put in place by President Donald Trump and they were in Washington this week to discuss it during a congressional hearing. Farmers shared concerns that included shrinking export markets, rising costs, and bankers who would be more reluctant to loan money for operating costs. Scott VanderWal, American Farm Bureau vice president, …

navarro

Navarro Discounts Trade War Impact on Ag

Dan Industry News Release, Trade

White House Trade Adviser Pete Navarro downplayed the impact tariffs are having on the ag economy, calling the impact of the trade war between the U.S. and China “a rounding error,” compared with either country’s economic output. “My point is that it’s much less disruptive than these headlines would suggest,” Navarro told CNBC. “It’s also much more constructive as we …

farm bureau

Farm Bureau Response to Navarro’s ‘Rounding Error’ Statement

Dan Industry News Release, Trade

The following statement may be attributed to American Farm Bureau Federation President Zippy Duvall: “White House trade advisor Peter Navarro’s recent comments that the damage this trade war is doing to certain sectors of the U.S. economy, of which we all know includes agriculture, is little more than a ‘rounding error’ are out of touch with the pain our farmers …

consumption

Agri View: California and Other State Losses in a Trade War

Dan Agri View, Economy, Exports/Imports

The talk of a trade war has had an impact on every commodity. What about its impact on agriculture. Everett Griner talks about California and their expanding losses from the trade war and tariff talk in today’s Agri View. California and Other State Losses in a Trade War Efforts to settle this trade war between China and our country, farmers …

Chinese trade practices

China Dropping Tariffs on Feed Grains from Asian Countries

Jim Rogers Industry News Release, Trade

China is dropping tariffs on feed ingredients from five Asian countries as it seeks supplies that do not originate in the United States. The ongoing trade war between the U.S. and China is bringing further tariffs on U.S. soybeans and coproducts imported to China, as retaliation on U.S. tariffs implemented on China. Thus, China is seeking cheaper soybeans, soymeal, soybean …

trump

China Says Washington Trade Actions Will Hurt American Workers

Dan Exports/Imports, Industry News Release, Trade

A Reuters report says China accused the Trump Administration of being capricious in its handling of trade issues. Chinese government officials warned U.S. workers and farmers that they’ll be hurt because of the administration’s brandishing of “big sticks.” Beijing officials said previous bilateral discussions with the U.S. were effective. However, the commerce ministry spokesman says Beijing has had to respond …

heitkamp

Heitkamp: Trade War Strikes at Rural Economies

Dan Industry News Release, Trade

North Dakota Senator Heidi Heitkamp says if President Trump follows through with tariffs on China announced this week China’s retaliation would be “both strong in quantity and gravity.” The comments come as China indicated it would impose retaliatory trade barriers that are against U.S. goods if the administration follows through with the threat, causing soybean prices to plummet to a …

mckinney

Trade War Costly for U.S. Farmers

Dan Exports/Imports, Industry News Release, Trade

The trade war between the U.S. and China is proving to be costly to U.S. farmers, just as President Trump announced the intent for further tariffs, escalating the tense state of affairs. University of Illinois agriculture economist Scott Irwin this week on Twitter says the outlook has “moved into disaster territory,” specifically, regarding soybeans. Jim Bower of Bower Trading in …

trump

U.S.-China Trade War a Win For Other Nations?

Dan Industry News Release, Trade

A Politico report says the real winners of a trade war with China could be some of America’s top global trade competitors. As the two countries push toward a trade deal, long-term trends could be stacked against American producers when it comes to Beijing’s consumption. China will likely keep pouring resources into other countries in an attempt to diversify its …