AFBF on Trade: The next three months will be critical for negotiations

While some parts of the President’s tariff plan are on hold, the Farm Bureau says the next three months will be critical for reaching a deal.

“But now is the time for discussion with a lot of the countries, whether they had the 10 percent additional or the much higher levels, the country specific, will be engaging in discussions with the administration. See what kind of a deal they can work out in exchange for, perhaps again reducing the tariffs they may have on some of our products by looking at some of their non-tariff trade barriers. In agriculture, of course, we’re looking to standards,” said AFBF’s Dave Salmonsen.

Salmonsen says the Farm Bureau is just waiting to see what happens next and says they will be closely monitoring export numbers in the coming months.

Related Stories
Beef is leading the decline as slaughter drops and supplies tighten.
Ethanol demand held together last week, but lower production and thinner stocks put more focus on export strength. Production capacity is also strengthening over time and benefiting soybean farmers.
Farm Bureau Economist Dr. Faith Parum discusses USDA’s efforts to expand fertilizer capacity, signals for farm profitability, and AFBF’s Farm Bill expectations.
Expanded export financing could provide greater support for ag sales abroad if buyers and lenders use the additional tools.
The farm bill is still moving, but the toughest amendment fights were pushed into today’s session. ASA President Scott Metzger joins us to discuss the risks of tariff actions on soybean exports, concerns over trade policy and production costs, and the importance of Farm Bill updates.
Higher input costs are making flexible marketing plans and updated break-even targets more important.

LATEST STORIES BY THIS AUTHOR:

In this AARP Live Minute: AARP’s Sarah Jennings has some tips for staying warm without wasting money during the winter.