Ag chairmen see low prices and trade war pressuring farm income

Persistently low commodity prices are pushing some farmers to the financial edge, said the chairmen of the Senate and House Agriculture committees on Thursday. "We are in a very tough spot," said Senate Ag chairman Pat Roberts. The House Ag chairman, Collin Peterson, said "we are not in crisis yet" but said that continued sour conditions would sap the finances of a growing number of farmers.

China boosts its soybean purchases to 3.8 million tonnes this week

For the third day in a row, the USDA confirmed a large sale of U.S. soybeans to China, this time 586,000 tonnes. With the purchase, reported by private exporters on Wednesday, China bought 3.8 million tonnes of soybeans in three days and is well on its way to the 5 million tonnes promised during a White House meeting last week.

Trade war panned as China buys more U.S. soy

Two outspoken Kansans scored the trade war with China as needlessly disruptive for the farm sector on Tuesday, with Senate Agriculture chairman Pat Roberts comparing it to the five-week partial government shutdown and economist Barry Flinchbaugh urging Congress to curtail President Trump's power to impose tariffs in the name of national security. In a pause in the trade war, China bought 2.6 million tonnes of U.S. soybeans, the third-largest soy sale in USDA records.

China and U.S. are a long way from ending trade war

The tenor of Sino-U.S. negotiations is heartening but "we're still a long way" from resolving trade war between the world's two largest economies, said Agriculture Secretary Sonny Perdue at a cattle industry conference. Meanwhile, China was following through on a pledge, announced at the White House, to buy U.S. soybeans, with some trade sources putting the purchases as high as 4 million tonnes, worth $1.35 billion.

At the White House, Chinese official says his country will buy more U.S. soybeans

In a letter read aloud at the White House, Chinese President Xi Jinping said Beijing will buy more U.S. farm exports, a decision that President Trump hailed on Thursday as a sign of good faith in ongoing negotiations to end the trade war between the nations.

Trump asks farmer support on shutdown, hints at farmworker reform

In a speech to the largest U.S. farm group, President Trump asked American farmers on Monday to take his side on the partial government shutdown over a border wall and said that with a secure border, "I'm going to make it easier" for farmworkers to enter the country. "Because we want to take people in to help our farmers, et cetera. Very important," he said.

Trade war side effect: Smallest ag trade surplus in 12 years

Although ag exports are consistently larger than ag imports, that trade surplus is forecast to narrow to $14.5 billion in fiscal 2019, which would be the smallest surplus since the $12.2 billion of 2007, say USDA economists.

White House expects immediate action by China on ag trade

Taking a "show me" stance, White House economic adviser Larry Kudlow said on Monday he expected China to roll back tariffs on U.S. farm exports promptly and begin trade reforms in line with the trade deal struck by President Trump and Chinese President Xi Jinping. The White House said over the weekend that China will make "very substantial" purchases of agricultural, energy and industrial goods but analysts saw no firm commitments in the statement.

‘New NAFTA’ helps alleviate farm income fears

Six in 10 respondents to a Purdue poll on farmer confidence said the United States-Mexico-Canada Agreement had either completely or somewhat relieved their concerns about their income over the next year.

Japan sets limit on ag access in trade talks with U.S.

The United States and Japan will open negotiations on a free trade agreement “that can produce early results” on manufactured goods, announced President Trump and Prime Minister Shinzo Abe on Wednesday. Japan, however, said that in the upcoming negotiations it would not lower tariffs on food, agriculture, and fishery imports.