American farmers may benefit doubly during efforts to end the Sino-U.S. trade war, suggested President Trump over the weekend. They will get billions of dollars in payments intended to mitigate the impact of the trade war on the agricultural sector, and China will buy "a tremendous amount" of U.S. food and ag exports while bilateral negotiations are ongoing.
Producers of shelled almonds and fresh sweet cherries are eligible for cash payments to offset the impact of trade war on U.S. agriculture, said Agriculture Secretary Sonny Perdue. The announcement on Friday was the first addition to the list of commodities earmarked for an estimated $4.7 …
Agriculture Secretary Sonny Perdue described a potential tri-national agreement on a new NAFTA as the start of a domino effect in rewriting U.S. relations with trading partners around world. "I would love to have a deal today with Canada to put NAFTA back together," said Perdue during a C-SPAN interview in which he called for reform of Canada's supply-management system."
For Iowa farmer John Heisdorffer, the math is brutal in the U.S.-China tariff war: "You tax soybeans at 25 percent and you have serious damage to U.S. farmers." China, the No. 1 customer for U.S. farm exports, canceled purchases of nearly $140 million worth of U.S. soybeans just before the two countries imposed tit-for-tat tariffs on each other's products. Iowa Sen. Joni Ernst said on Sunday the Trump administration was working on "a number of new free-trade agreements," but China "will be a much longer haul."
After a decade of robust growth, world production of soybeans will grow at a much slower rate of 1.5 percent annually in the years ahead, says two UN agencies in their annual Agricultural Outlook. Brazil, the longtime No. 2 to the United States in soybeans, will reach parity with America, said the report by the Organization for Economic Cooperation and Development and the Food and Agriculture Organization.
American corn faces import levies of up to 25 percent, according to a 10-page list of potential targets for retaliatory tariffs released by the European Commission, reported AgriCensus. The tariffs would counter the Trump administration's announcement that it intends to imose high tariffs on imports of steel and aluminum.
A growing number of farmers and rural advocates say President Trump's trade and rural infrastructure proposals would further damage the struggling farm economy, despite his vow to boost rural America through renewed investment.
The two top officers of the New York Farm Bureau told Agriculture Secretary Sonny Perdue that trade and immigration are the top ag issues in the Empire State, reports the Glens Falls Post-Star. "We are swimming in milk," said vice president Eric Ooms, placing the blame on Canadian barricades to U.S. dairy.
At the top of the Trump administration's list of agricultural goals for the new NAFTA is elimination of Canadian tariffs on imports of U.S. dairy, poultry, and egg products — meaning a dismantling of the nation's supply-management system. Canada balked at that demand in the previous round of negotiation, and the current round of talks in Mexico City made little progress over the weekend.
At a roundtable meeting, Canadian Agriculture Minister Lawrence MacAulay assured producers that the government will defend supply management for the agricultural sector in negotiations for the new NAFTA. The United States has complained repeatedly about Canada's dairy system, which limits imports and assures milk producers of a high market price.