The farm sector is breathing a sigh of relief as tariffs against Canada and Mexico have been paused for 30 days. However, we are still closely monitoring negotiations and their looming impact on agriculture.
American Farm Bureau Federation (AFBF) President Zippy Duvall spoke with RFD-TV’s own Jennifer Vikery Smith about what he hears from the industry, the importance of Canadian and Mexican trade relations, and possible ripple effects.
“There are definitely some difficult things that could happen to agriculture because a lot of the time, we are the brunt of a trade war with retaliation,” Duvall said.
Related Stories
Ethanol markets remain mixed — weaker production and blend rates are being partially balanced by stronger exports as winter demand patterns take shape.
Tariff relief may soften grocery prices, but it also intensifies competition for U.S. fruit, vegetable, and beef producers as cheaper imports regain market share.
Strong U.S. yields and steady demand leave most major crops well supplied, keeping price pressure in place unless usage strengthens or weather shifts outlooks.
While agriculture doesn’t predict every recession, the sector’s long history of turning down before the broader economy
USDA’s steady yields and heavy global stocks keep grains range-bound unless demand firms or South American weather becomes a real threat.