The International Monetary Fund and the World Bank both issued warnings that trade disputes could put a healthy global economic expansion in jeopardy. An Associated Press report says U.S. Treasury Secretary Steven Mnuchin showed cautious optimism over the weekend that the U.S. and China could settle their differences without a full-blown trade war. Mnuchin met recently with finance officials from …
Soybean Farmers Can’t Replace Chinese Business
U.S. soybean exports could drop as much as 65 percent if the back-and-forth trade rhetoric battle between the two largest economies causes China to slap on retaliatory tariffs. Politico says that number comes from a soon-to-be-published report out of Purdue University. Earlier this month, China said it will put a 25 percent tariff on U.S. soybeans if President Trump follows …
Agri View: Trade Problems with China
Everett Griner talks about the trade problems with China, and the farmers concerns about metal imports, in today’s Agri View. Everett explains some of the different reasons for concern for farmers. The recent increase of tariffs on steel and aluminum has a lot of farmers shook up. Trade Problems with China There is more than one reason for their concern. …
Perdue Comments Regarding Chinese Duties on U.S. Sorghum
U.S. Secretary of Agriculture Sonny Perdue today issued the following statement regarding China’s announcement of duties of almost 179 percent on U.S. sorghum imports: “The international grain market is about the freest market there is, and it is ludicrous to even mention ‘dumping,’ because China can buy product from anywhere they choose. This is clearly a political decision by the …
National Sorghum Producers Disappointed in China Antidumping Determination
National Sorghum Producers expressed the organization is “deeply disappointed” in the preliminary antidumping determination issued by China’s Ministry of Commerce. China slapped a 179 percent tariff on U.S. sorghum imports. China is the largest buyer of U.S. sorghum products, purchasing more than $900 million worth last year. National Sorghum Producers released a statement Tuesday, saying U.S. sorghum producers and exporters …
ASA President Testifies to Congress Regarding Trade Tariffs
The American Soybean Association President says retaliation by China against U.S. tariffs would undercut prices received by soybean farmers, and further hurt a depressed farm economy. Testifying to lawmakers Thursday, ASA President John Heisdorffer asked members of Congress to help soybean farmers “be part of the solution,” rather than “collateral damage.” Heisdorffer, an Iowa farmer, highlighted the importance of maintaining …
China Files WTO Complaint, Pledges to Lower Some Tariffs
China has filed a dispute with the World Trade Organization alleging the U.S. tariffs on steel and aluminum violate world trade rules. However, the nation also re-confirmed it will open its economy by lowering tariffs on cars, paving the way for negotiations. “Actions speak louder than words” when it comes to China, one U.S. economist told Reuters. But, China’s President …
Trade War Help for Farmers: All Options on the Table
A top Department of Agriculture official says “all options are on the table” when it comes to finding relief from a trade war with China for farmers. Deputy Secretary of Agriculture Steve Censky told reporters earlier this week USDA is “looking at all of our authorities” to find ways to assist farmers, according to Politico. Those options include buying up …
Agri View: Sorghum, an Unusual Crop
Everett Griner talks about sorghum in today’s Agri View. Everett explains why this is such an unusual crop. Sorghum, an Unusual Crop You know we grow a lot of grain in this country. Corn, wheat, maize, sorghum. Sorghum? Yes, sorghum. You don’t hear a lot about sorghum because very little of what we grow is used in this country. It …
Peanut Market Watching China
The market is watching U.S. peanut exports to China closely right now, and Tyron Spearman says that is mostly because of the proposed tariffs on other U.S. ag products to that country. Peanut Market Watching China Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024