U.S. ethanol exports rose to a peak value of $7.5 billion last year, making a positive contribution to the U.S. trade balance, while also boosting farm incomes.
Renewable Fuels Association Chief Economist, Scott Richman spoke with RFD-TV’s own Suzanne Alexander on current trade conditions, what this means for producers, and what to expect moving forward in 2025.
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“A government shutdown impacts all Americans and has serious consequences, including for farmers. It just adds additional uncertainty, disrupts critical services.”
Agricultural exports continue to be a key contributor to rural employment. However, rural businesses still struggle to fill numerous job openings.
Treasury Secretary Scott Bessent stated this week that the government will intervene to help, following China’s withdrawal from the U.S. soybean market. One trader says the industry will remain in a holding pattern until Tuesday.