Six firms are seeing disruptions in the supply chain because of Covid-19 that could lead to shortages of animal drugs for the U.S. market, said the FDA in an update. Meanwhile, Agriculture Secretary Sonny Perdue said USDA animal scientists are "looking for any kind of possibility, even vaccines, that may help" against the viral disease.
China can satisfy two objectives — filling a huge gap in its meat supply and complying with the "phase one" trade agreement with the United States — by buying American-grown pork, say two Iowa State University economists.
U.S. ag exports have gained limited traction from President Trump's ballyhooed trade victories, but Agriculture Secretary Sonny Perdue is optimistic that demand will improve. "I hope we can show that a third round [of trade war payments] is not needed for 2020," Perdue said in a statement. "We still believe farmers want trade rather than aid."
Besides weighing potential market prices against the cost of fuel, fertilizer and seeds, farmers have a new factor for their planting decisions: Will it assure them of a trade war payment? President Trump's suggestion that if his trade deals with China and other nations are slow to bear, "aid will be paid by the federal government," could encourage farmers to plant more land this spring than would otherwise be justified.
U.S. farmers will harvest their largest corn crop ever this year, fueled by the largest plantings since 2013 — growing so much corn that carry-over stocks will be the largest in more than three decades, according to USDA's projection at its annual Ag Outlook Forum. The soybean crop would be the fourth-largest on record, with exports recovering to pre-trade-war levels thanks to "increasing global import demand, particularly for China."
Agriculture Secretary Sonny Perdue said he believes China will meet the goals of the "phase one" trade agreement, although the USDA's new estimate of sales — $14 billion this fiscal year — is only one-third of the target. "We believe those numbers will be surpassed," Perdue said Thursday at the USDA's annual Ag Outlook Forum.
British Prime Minister Boris Johnson wasted no time, after officially exiting the European Union last Friday, in courting a bilateral trade deal with America, decrying “hysterical” fears about U.S. food standards such as genetically-modified crops, The Guardian reported. “I look at the …
An analysis by five economists says the Sino-U.S. trade war cut far deeper into U.S. farm exports to China than it appears in a simple tallying of sales before and after the tariffs were announced.
The “phase one” trade agreement with China assures sales of “up to $50 billion in agriculture alone,” said President Trump at a White House signing ceremony on Wednesday, although Chinese Vice Premier Liu He said sales would depend on domestic demand and U.S. prices. A senior administration official said later that the pact did not require China to remove retaliatory tariffs on U.S. farm goods — a potential barrier to exports.
President Trump says he and Chinese officials will sign a "phase one" trade agreement at the White House on Jan. 15 that will de-escalate the Sino-U.S. tariff war that began in earnest in mid-2018. The agreement obligates China to buy up to $50 billion a year in U.S. farm exports, more than four times the sales level forecast for this year, according to U.S. officials, but details have not been released.