All of agriculture is keeping a close eye on trade, as President Trump plans to impose 25 percent tariffs on imports from Canada and Mexico starting February 1st. Many now are left speculating over the impact for agriculture on both sides of the border.
Canadian Federation of Agriculture’s Keith Currie joined RFD-TV’s own Suzanne Alexander to discuss how farmer are feeling, if he thinks the tariffs are set in stone, and what kind of impact it would cause to ag production.
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In the meantime, Senate Majority Leader John Thune is asking that farmers be allowed to use marketing assistance loans to help stay afloat.
Beef industry groups seem to agree — market-based pricing, not federal intervention, best supports rancher livelihoods and long-term beef supply stability.
Cattle groups say additional imports would offer little relief for consumers but could erode rancher confidence as the industry begins to rebuild herds.
Understanding how these tax provisions interact will be key for farmers planning long-term equipment purchases or transfers within the family.
The government shutdown has touched nearly every sector of the ag industry since it began, and now impacts are spilling over into dairy.
With China halting U.S. soybean purchases and talks tied to broader strategic issues, growers face renewed export uncertainty.
