A survey by the Association of Equipment Manufacturers finds steel and aluminum tariffs are harming the industry. The survey, primarily focused on the current new equipment inventory levels, shows both dealers and manufacturers are aware of the potential effect of steel and aluminum tariffs on the industry. The survey found that overall, new inventory numbers are favorable, when traditionally dealers …
NAFTA Talks Continue in Washington
Trade officials from Canada returned to the U.S. Wednesday as part of the North American Free Trade Agreement (NAFTA) talks. Canadian Foreign Minister Chrystia Freeland resumed talks with U.S. Trade Representative Robert Lighthizer, but there are so far no major developments on the contentious issues being discussed, including dairy market access and the dispute settlement mechanism, top issues for Canada, …
NAFTA Partners Say Trilateral Agreement a Must
All sides of the North American Free Trade Agreement (NAFTA) want a trilateral deal between the U.S., Canada and Mexico, as the White House is pushing towards separate deals. Trade officials from Mexico, along with key lawmakers and trade officials in the U.S., agree a two-way NAFTA is “incomplete,” and won’t win the approval of the U.S. Congress. President Trump …
U.S. Wheat Restructuring Efforts Close Moscow Office
As part of restructuring overseas offices, U.S. Wheat Associates will close its office in Moscow, Russia, at the end of this month. The organization says the reorganization reflects an effort to refocus resources toward markets with the best potential to grow U.S. wheat exports and returns for the farmers the organization represents. Based in part on the significant increase in …
China Predicted to cut U.S. Soybean exports
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 …
USDA Launches Trade Mitigation Programs
U.S. Secretary of Agriculture Sonny Perdue launched the trade mitigation package aimed at assisting farmers suffering from damage due to unjustified trade retaliation by foreign nations.  Producers of certain commodities can now sign up for the Market Facilitation Program (MFP), while USDA will also begin to purchase identified commodities under a food purchase and distribution program. Additionally, USDA has begun …
ASTA Outlines Priorities for Final Farm Bill
The American Seed Trade Association (ASTA) urges members of the Farm Bill Conference Committee to include several key provisions important to the seed industry within the final bill. In a recent letter to conferees, ASTA highlighted the following priorities within the Conservation, Trade, Research, Horticulture and Crop Insurance titles: Conservation: ASTA is concerned with the proposal in the House version …
Trump Threatens to Add $200 Billion in More Tariffs
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 …
Agriculture Trade Surplus to Shrink
Agriculture is consistently one of the few areas of the American economy that sells more overseas than it buys. However, Farm Journal’s Ag Web Dot Com says that’s going to drop in the upcoming year. The surplus is set to shrink as shipments to China collapse because of the trade war with the U.S. A government forecast says the world’s …
Agri View: Agriculture Feeling the Pain
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 …