Reaction to the tariffs on steel and aluminum imports has been mixed among different sectors of the economy. The Hagstrom Report says Business Roundtable President and CEO Joshua Bolten calls the tariffs a major unforced error by President Trump that will put America’s economic progress at risk. He says, “The tariffs will cause significant harm to industries that rely on …
Mexico, Canada Don’t Want Tariff Exemptions Tied to NAFTA
Mexico and Canada were happy to hear about President’s Trump’s willingness to exclude them from tariffs on steel and aluminum exports to the U.S. However, they expect any talks about a possible permanent exemption to take place outside of the North American Free Trade Agreement negotiations. Politico quotes the Mexican Economy Ministry in a release that says, “The process of …
Cap on Conventional Ethanol RINs Will Reduce Biodiesel Market
A new analysis by the National Biodiesel Board (NBB) and the World Agricultural Economic and Environmental Services (WAEES) found that capping the price of conventional biofuels’ Renewable Identification Numbers (RINs) will significantly harm the production of biodiesel and related industries. Although some believe that limiting the price of RINs for the conventional biofuels market won’t harm biomass-based diesel volumes, the …
Lawmakers Funnel $100 Million to Florida Forever
Neglected for nearly a decade, the Florida Forever conservation program would get $100.8 million in a proposed $88.7 billion budget that lawmakers are expected to approve Sunday. Rep. Ben Albritton, a Wauchula Republican who chairs the House Agriculture & Natural Resources Appropriations Subcommittee, said most of the money would go for land preservation. “We started at a much lower number …
Florida Producers Can Renew Expiring CSP Contracts
Florida agricultural producers, with existing Conservation Stewardship Program (CSP) contracts that expire on December 31, 2018, are urged to renew those contracts. But the deadline to do so is April 13th. Florida Producers Can Renew Expiring CSP Contracts Sponsored ContentStrong Relationship Exists Between the Florida Cattle Enhancement Board and UF-IFASApril 17, 2026Florida Cattle Enhancement Board Provides Funding For Quicker Response …
USDA Report Indicates Increased Corn Demand
The Department of Agriculture (USDA) has increased corn demand in it’s latest forecast for the 2017-18 crop year. The monthly World Agriculture Supply and Demand report increased exports of corn by 175 million bushels to 2.2 billion bushels based on price competitiveness, and increased expected corn ethanol use by 50 million bushels to 5.5 billion bushels. The average price for …
Roberts: Senate Farm Bill Work Scheduled Next Month
Senate Agriculture Committee Chair Pat Roberts hopes to begin Senate farm bill work next month. This week, Roberts said that he wants to mark up the bill in April, adding that his staff and the staff of the committee’s ranking Democrat, Debbie Stabenow, have begun work on the bill. The key to the bill, Roberts told the Hagstrom Report, is …
TPP Leaves U.S. Behind
The 11 remaining Trans-Pacific Partnership (TPP) countries officially left the U.S. behind Thursday, signing an amended agreement that does not include the United States. The 11 nations signed what is now called the Comprehensive and Progressive Agreement for Trans-Pacific Partnership the same day the U.S. moved to a more trade protectionist status, rolling out tariffs for steel and aluminum imports. …
Canada Staying Calm and Constructive Amidst Trade Talks
As President Donald Trump has ratcheted up the conversation on trade, Canada is sticking to it’s “keep-calm” strategy. While the European Union immediately offered a list of targeted U.S. products in response to Trump’s tariff plan for steel and aluminum, Reuters says Canada is trying to stay constructive, and use negotiations for a better outcome. For now, the tariff plan …
Trump Unveils Steel and Aluminum Tariff Plan
President Donald Trump Thursday unveiled his plan to impose 25 percent tariffs on steel imports and ten percent on aluminum. The plan includes provisional exceptions for Canada and Mexico. However, the tariffs could trigger a trade war between the U.S. and the European Union and China, among others. Despite a large pushback by U.S. industry and trading partners, Trump is …