U.S.,UK and EU Suspend Airplane Tariffs

Trade Representative Katherine Tai returned to the U.S. Thursday following a successful trip to Europe. Tai, along with counterparts from the European Union and the United Kingdom, agreed to suspend tariffs caused by disagreements over aircraft. Tai, announcing the agreement with the UK Thursday, said both the EU and UK and the U.S. will establish […]

Compared To Other Commodities Pandemic Did Not Hurt Idaho Hay Growers

The impact of the COVID-19 pandemic on the farming community varies location to location and commodity to commodity. One Northwest commodity that didn’t report as many problems because of the pandemic was the hay industry in Idaho. Will Ricks, President of the Idaho Hay and Forage Association, said while many struggled with a dip in […]

Legislation Introduced to Repeal Cuban Trade Embargo

Kansas Republican Senator Jerry Moran along with Minnesota’s Amy Klobuchar and Vermont’s Patrick Leahy, both Democrats, recently introduced legislation that would relax the U.S. trade embargo with Cuba. The senators noted the goal of the Freedom to Export to Cuba Act  is to open another avenue for profit for American farmers and ranchers. “The unilateral trade […]

Tai Participates in Meeting with Asia Pacific Trade Partners

Over the weekend, U.S. Trade Representative Katherine Tai, met with Asia-Pacific trade ministers while also commenting on the U.S.-China trade relationship. Before the meeting, Tai said regarding trade with China, “It’s a relationship in trade that has been marked by significant imbalance — that is in terms of performance, but also in terms of opportunity […]

Meyer Does Not Expect Exports To Slow Anytime Soon

Since August prices for agricultural fees have risen considerably. Normally that reduces demand  and causes a retraction in export sales of Ag products. However, “we haven’t seen them back off the way you might have thought with these rising prices,” noted USDA Chief Economist, Seth Meyer. He said instead, it’s been an interesting time for […]

May Ag Economy Barometer Tumbles

The Purdue University/CME Group Ag Economy Barometer tumbled significantly in May, dropping 20 points to an index reading of 158. That marks the lowest point for the survey since September. Producers were less optimistic about both the current conditions and the future of the agricultural economy. The potential for changing tax rules and rising input […]

AFBF: China Is Closing The Phase One Trade Gap

Data shows China is closing the gap towards reaching the goal of purchases in the Phase One trade agreement. American Farm Bureau Federation Economist Veronica Nigh said according to numbers released in April of this year, exports bound for China are around $10 billion, which is roughly 25% of the 2021 goal of $40 billion. […]

Vilsack Explains How USMCA Can Benefit American Farmers

Shortly after taking office earlier this year, Agriculture Secretary, Tom Vilsack, placed an emphasis on USMCA and how it can benefit the American farmer. “[We want to] re-enforce our goal and our belief that these agreements need to be enforced to the letter.” With, Vilsack noted, particular focus on Canada. Specifically on dairy as the […]

Salmonsen: Despite Strong Export Numbers This Is No Time For US Ag To Get Complacent

The USDA is expecting 2021 to be a great year for U.S. Exports, projecting a record $164 billion worth of American exports this year. That’s up $28 billion year-over-year. American Farm Bureau trade adviser Dave Salmonsen said economic recovery from the pandemic and a key trade market, poised to be number one again, are driving […]