Sandison: Washington Farmers Continue To Persevere Despite Back-to-Back Challenging Years

It goes without saying, 2020 was a difficult year for Washington’s farm economy. Between challenges with domestic and international trade, worker safety, new government regulation and more, 2020 was a year almost everyone was happy to see come to an end. Unfortunately, for farmers across the Evergreen state, 2021 has not been much better. Drought […]

China Opens Strategic Petroleum Reserve Surprising Many

Oil prices rallied a bit in Monday trading, increasing roughly 1%. Patrick DeHaan with Gas Buddy said a variety of issues pushed prices higher, including an ongoing increase in coronavirus cases across the globe, shutdowns in the Gulf Coast rejoin due to hurricane Ida, as well as China’s decision to tap into their Strategic Petroleum […]

July Beef Exports Set Record While Pork Value Remains Strong

U.S. beef exports set another value record in July. Data recently released by USDA and compiled by the U.S. Meat Export Federation shows export value climbed 45% year-over-year to just over $939 million, while volume was the third largest of the post-BSE era at 122,743 metric tons, up 14% year-over-year. July beef exports to the […]

Vilsack Talks Trade, China, CPTPP

Trade is vital to the American farm economy, especially for producers across the Pacific Northwest. Ag Secretary Tom Vilsack recently took time to address trade concerns, and to share what the Department is doing to help producers find overseas markets. Once concern for many in farm country is the approaching end of the Phase One […]

WTO Panel to Review China’s Compliance on Farm Product Imports

The World Trade Organization this week established a dispute panel requested by China. The panel will determine whether China complied with an earlier WTO ruling regarding the administration of its tariff rate quotas. China submitted its second request for a dispute panel to determine whether it has complied with a 2019 ruling concerning its TRQs […]

Beef Exports Very Strong During The First Half Of 2021

U.S. Beef exports were very strong during the first half of 2021. According to the U.S Meat Export Federation, exports through June reached 700,087 metric tons, up 18% from the same time period a year ago, with a value of $4.64 billion, up 28% from last year. USMEF Economist Erin Borror said the beef export […]

Newhouse Hopes Lawmakers Will Address Chinese Government Purchasing American Farmland

Earlier this summer, Dan Newhouse, the Chair of the Congressional Western Caucus introduced an amendment to the Ag appropriations bill prohibiting the purchase of farmland by the People’s Republic of China. The Amendment would also make Ag lands currently owned by the Chinese government ineligible for farm programs. Newhouse said allowing the Chinese government to […]

Lawmakers Introduce Ocean Shipping Reform Act

Earlier this week House lawmakers introduced the Ocean Shipping Reform Act of 2021. The bipartisan legislation is the first major update of federal regulations for the global ocean shipping industry since 1998. The legislation would support American exports by establishing reciprocal trade opportunities to help reduce the United States’ longstanding trade imbalance with China and […]

Groups Want Biden to Restart Trade Talks with China

Some of the most influential business groups in America want the White House to restart trade talks with China. According to the New York Times the groups also want tariffs cut on goods imported from China. Those duties have been in place since the beginning of a trade war between the two nations. The groups […]

COVID, China’s Economy, OPEC Pushing Oil Prices Lower

Oil prices trade lower in Tuesday’s action, with West Texas Crude prices in the mid-$71 per barrel range. Industry experts say a trio of specific pressures are weighing oil prices lower right now. First in the increase in the number of COVID-cases, thanks to the Delta variant concerns many that the global economy will stall […]