In April, the Equipment Dealers Association and the Association of Equipment Manufacturers surveyed their members about the impact of the Tax Cuts and Jobs Act and steel and aluminum tariffs on their businesses. Dealers and manufacturers were in consensus that the two most beneficial provisions of the tax legislation were the lower corporate tax rate and the favorable expensing provisions …
Proposed Tariff Hearings Underway in Washington
Hearings are underway in Washington, D.C. on a proposed list of Chinese products the U.S. has targeted with 25 percent tariff. The three-day event features testimony from more than 100 witnesses. One of those testifying is farmer Michelle Erickson-Jones, a member of Farmers for Free Trade, who says the U.S. farm community is already feeling the effects of the threatened …
Agri View: Expanding Beef Exports to Japan
Everett Griner talks about beef exports to Japan in today’s Agri View. Everett explains how the exports of beef to Japan grew last year and what consumer groups are targeting for Japan this year. Expanding Beef Exports to Japan When you talk, or hear, about farm exports you usually think of China. That is reasonable. But pay some attention to …
U.S. Peanut Export Update
While exports of U.S. peanuts are down for the year thus far, Tyron Spearman reports peanut butter exports are up. U.S. Peanut Export Update Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Agriculture Prominent in U.S. and China Discussions
U.S. Commerce Secretary Wilbur Ross gave testimony to a Senate Appropriations Subcommittee on Thursday, during which trade with China was a key topic. Channel News Asia Dot Com says Ross hopes to reduce the differences between the two countries, in which hundreds of billions of dollars in commerce are at stake in a trade war. Ross led a delegation to …
China Steps Up Pork Inspections, Slowing Imports
China is stepping up inspections of pork imports from the United States. Ports are opening and inspecting every cargo that arrives, according to a report by Reuters, compared with inspections carried out only “randomly” in the past. Some trade experts see the move, along with other similar actions by China, as a warning to the United States in response to …
Bunge: China Has Stopped Buying U.S. Soybeans
China has stopped buying U.S. soybeans as a result of a trade war between the two nations. Bunge Ltd. CEO Soren Schroder told Bloomberg this week that China is instead buying soybeans from Canada and Brazil. China last month announced the planned tariff on U.S. soybeans, shifting the nation’s buying habits. The tariffs are part of an ongoing trade dispute …
More Optimistic about Future of NAFTA
The pace of NAFTA negotiations recently accelerated, as U.S. Trade Representative Robert Lighthizer and his counterparts from Canada and Mexico concluded four days of ministerial-level meetings. U.S. Meat Export Federation’s Joe Schuele has more. More Optimistic about Future of NAFTA Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Trump Tariffs Impacting Manufactures, Ag and Beer Makers
Ongoing trade disputes, along with President Trump’s tariff efforts are hurting U.S. consumers of steel and aluminum. Market fluctuations in prices are impacting the makers and builders of grain bins, metal building, farm equipment, and even the beer industry. The Beer Institute, which represents the brewing industry, calls the tariff on aluminum a $347 million tax on the U.S. beer …
Agri View: Tough Times for Cotton Producers
Everett Griner talks about the tough times cotton producers have had in today’s Agri View. Everett looks at what needs to change and what is in the future for cotton producers. Tough Times for Cotton Producers Cotton farmers have had some tough times during the last decade. They have made good crops. They haven’t made any money. Industry leaders say …