Farmers are optimistic about the resumption of trade with China and, as a result, fewer of them believe the Trump administration will send trade war payments to producers this year, said a Purdue University poll on Tuesday. Fewer than half of the producers contacted by the Ag Economy Barometer said they anticipated payments this year, compared to nearly six out of 10 last fall.
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."
The chairman of the Farm Credit Administration appealed for Farm Belt patience on Trump trade agreements on Wednesday. "The groundwork has been laid for trade normalization and improved farm prices," said Glen Smith during a House Appropriations subcommittee hearing.
President Trump led a 37-minute celebration of the new NAFTA on Wednesday, signing the United States-Mexico-Canada Agreement on the White House lawn during a ceremony packed with laudatory descriptions of the “very, very special” tri-national free trade agreement.
As President Trump scored his second trade victory in two days, Senate approval of the United States-Mexico-Canada Agreement, he asked farmers on Thursday to remember the billions of dollars they had received in trade war payments.
The Senate Finance Committee overwhelmingly approved one of President Trump’s top priorities, an updated free trade pact with Canada and Mexico, on Tuesday with Democrats claiming a share of the credit in a trade victory for the president. U.S. agriculture would see modest increases in exports …
The Democratic-controlled House is set to approve one of President Trump’s top priorities today — an updated North American trade pact — a day after impeaching him. The Senate is not expected to give final congressional approval to the United States-Mexico-Canada Agreement until early next year.
U.S. farmers and ranchers would see modest gains in food and agriculture exports under the revised North American trade agreement announced by the White House and House Democrats on Tuesday, the same day the House moved closer to impeaching President Trump. Farm groups called for speedy …
The House Democratic task force on the so-called new NAFTA “has made substantial progress” with U.S. trade representative Robert Lighthizer on modifications to the tri-national agreement, said a statement from the Ways and Means Committee on Wednesday.
U.S. farmers are harvesting crops for the second year in a row under the shadow of hefty tariffs, says agricultural lender CoBank, pointing to uncertainty over trade policy, late-maturing crops and African swine fever. “It is also increasingly unlikely that the United States-Mexico-Canada …