(NAFB) — The bipartisan Congressional Budget Office says the trade war will slow economic growth, adding more fears of a possible recession.The CBO says tariffs, which reduce U.S. gross domestic product through higher prices, reduces consumer purchasing power. The report predicts the economy will grow at 1.8 percent per year over the next decade, below historical average growth rates. Agriculture …
American Peanut Council Building Export Markets
The American Peanut Council (APC) continues their efforts to build markets in other countries for U.S. peanuts. Tyron Spearman has the story. Sponsored ContentNuseed Carinata Covers New GroundJuly 15, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Pork Industry Receives USDA Grant to Open ASF Dialogue in Asia
WASHINGTON, D.C. AND AMES, IA (NPPC) – The global outbreak of African swine fever (ASF), a disease affecting only pigs with no human health or food safety risks, is growing, with new cases appearing throughout Southeast Asia and China. While there are no reported cases of ASF in the U.S., a grant recently awarded to the Swine Health Information Center …
USMCA Ratification, FMD Vaccine Bank among NPPC Congressional Asks
In a recent Hogs on the Hill blog post, the National Pork Producers Council (NPPC) highlighted a number of pressing issues that need Congressional attention this fall. Among the priorities is congressional ratification of the U.S.-Mexico-Canada (USMCA) agreement. This would allow the U.S. pork industry to maintain zero-duty market access to two of its largest export markets. According to NPPC, another …
Ag Groups Celebrate Trade Agreement With Japan
The United States and Japan have agreed in principle to a trade deal. In a report from Gary Crawford, President Donald Trump talks about the new agreement. Secretary Perdue on Japan Agreement WU.S. Secretary of Agriculture Sonny Perdue issued the following statement regarding the new trade agreement between the United States and Japan: “Japan is a significant market for United …
China Makes August U.S. Pork Purchase
(NAFB) — The world’s biggest pork consumer bought just over 10,000 tons of U.S. pork sometime between August 2-8. Reuters says that was the biggest purchase of American pork in almost two months. The pork purchase is due for shipment this year as African Swine Fever continues to ravage the world’s biggest pork herd. The Chinese Commerce Ministry had said …
Trump Asking Japan to Purchase U.S. Ag Products
(NAFB) — President Trump is asking Japan to purchase U.S. farm products as the two nations seek a small trade deal including agriculture. Trump asked Japanese Prime Minister Shinzo Abe to buy a “huge amount” of U.S. wheat and soybeans as the negotiations continue, according to Reuters. Japan and the United States are targeting an agreement by September on trade …
Opportunities for U.S. Agricultural Exports in Canada
(USDA/FAS) — Canada is the United States’ largest export market for agricultural and agricultural-related products (includes distilled spirits, ethanol, biodiesel, fish, and forest products) with exports valued at $25 billion in 2018, accounting for more than 15 percent of total U.S. agricultural exports to the world. Canada is the only market where U.S. agricultural exports have consistently exceeded $20 billion …
U.S. Beef Exports to South Korea Continue to Soar
U.S. Beef exports to South Korea Continue to soar. Joe Schuele has more details. A detailed summary of U.S. beef, pork and lamb exports through the first half of the year is available on the U.S. Meat Export Federation (USMEF) website. Sponsored ContentNuseed Carinata Covers New GroundJuly 15, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
China’s Buying Halt of U.S. Ag May Not Be Total
Many in agriculture are concerned after it was announced this week that China was stepping away from purchasing U.S. farm imports after President Trump increased tensions by his proposal to add 10% tariffs on another $300 billion in Chinese imports starting September 1. And while some say this stoppage may not be total, it’s still not good news for many farmers …