News of progress in resolving a U.S.-Chinese trade dispute has several in the ag sector expressing levels of optimism. Rod Bain has the story. U.S.-China Take Step to Resolve Trade Differences Source for below: American Soybean Association Soybean Growers Relieved to Hear Positive Trade News from G20 The American Soybean Association (ASA) was pleased to hear positive reports from the …
CoBank: Trade War Takes a Toll on Ag Economy
Despite the strongest global economic growth the world has seen since 2011, the uncertainty surrounding trade disputes is causing escalating concern for U.S. agriculture. CoBank’s Knowledge Exchange Division says seventy percent of U.S. ag exports are heading to countries that are currently in negotiations or outright trade disputes. CoBank’s Rural Economic Review says the shift from trade war rhetoric to …
Trade Promotion Authority to Auto-Renew
Trade Promotion Authority will auto-renew at the end of this month due to no congressional action. Originally authorized by Congress during the Obama administration for the advancement of the Trans-Pacific Partnership, TPA will auto-renew for another three years. The renewal comes due to the inaction by the House and Senate during a three-month window to pass a resolution of disapproval …
EU, China, Working to Strengthen Trade Ties
The European Union is working to strengthen trade ties with China as the U.S. and China are embattled in a trade war. Repercussions of the trade war are being felt throughout U.S. agriculture, as the retaliatory tariffs from China will soon go into effect. Meanwhile, the EU is taking full advantage of the situation, and engaging with China to further …
Soybean Growers Talking Tariffs, Trade on Capitol Hill
American Soybean Association farmer-leaders from across the country are on Capitol Hill this week to talk with lawmakers about the potential impact of Chinese tariffs on U.S. soybeans. ASA President John Heisdorffer says China purchases 61 percent of U.S. soybean exports, as well as 30 percent of the overall U.S. soybean production. “In short, trade with China matters and is …
U.S. Ag, Equipment Companies, Benefiting from Trade with Cuba
U.S. agriculture is benefiting from trade with Cuba, according to new figures released by the U.S.-Cuba Trade and Economic Council. Exports of food and agricultural products from the U.S. to Cuba in November of 2017 were pegged at $21.2 million, compared to $10.59 million in November 2016, and $6.24 million in November of 2015. There were also substantial increases in …
Trade Disputes with China Could Impact US Agriculture
In this short radio piece from our New Years Week coverage, some concerns are being voiced about possible trade disputes in the works with China, and how disagreements over manufactured goods could again have grave and unintended consequences for U.S. agriculture. Trade Disputes with China Could Impact US Agriculture Sponsored ContentFlorida Cattle Enhancement Board Provides Opportunities That Spark Research ProjectsApril …
Trade Tops China, Canada Meeting Agenda
Trade will top the agenda between China and Canada next week during Canadian Prime Minister Justin Trudeau’s visit to China. The visit is aimed at promoting a “progressive trade agenda” that Canada says will “create good, middle-class jobs,” according to Bloomberg News. The trip comes as Canada is in the midst of renegotiating the North American Free Trade Agreement with …
Farmers Need Trade to Move Record Corn Crop
It’s no secret that American farmers produced another record corn crop, which means overseas market access will be a big key to limiting losses due to depressed corn prices. The Illinois Corn Growers Association says this is what farmers pencil out on paper to demonstrate why market access is so important to corn farmer profitability. “It looks like our ‘what …
National Milk Producers Federation Talks Issues at Annual Meeting
The dairy industry gathered recently in California at the 101st Annual Meeting of the National Milk Producers Federation in Anaheim. For the last 20 years, the meeting has been held in conjunction with the National Dairy Checkoff. Chris Galen with the National Milk Producers Federation says there are many topics on the table for the dairy industry. In regard to …