ALBERTA, Canada (RFD News) — The latest U.S. tariffs on Brazil are set to take effect July 22, but with several agricultural products exempted, questions remain about how much of an impact the move could have on U.S. agriculture.
RealAg Radio host Shaun Haney joined us on Friday’s Market Day Report to discuss the announcement.
In his conversation with RFD News, Haney said the exemptions, including certain beef products, suggest the administration is trying to balance trade policy with concerns about consumer beef prices.
Haney said Brazil remains a growing competitor in global agriculture, particularly in the Chinese market, and while the tariffs target some imports, their long term effect on trade flows and competitiveness remains to be seen.
ASA President Scott Metzger says soybean growers remain focused on trade, the Farm Bill, renewable fuels, and market stability as Congress weighs additional assistance for farmers and export opportunities.
Renewable Fuels Association CEO Geoff Cooper discusses record public support for year-round E15, congressional legislation, the Renewable Fuel Standard, 45Z guidance, and ethanol trade with Brazil.
Chip Nellinger says trade developments, growing beef supplies and investor activity are all contributing to the recent pullback in cattle prices.
For producers who depend on overseas markets, the lack of progress leaves uncertainty over future trade policies.
Economists say apparel production has become more diversified, but demand for U.S. cotton has not seen a major boost.
While demand is one concern, U.S. growers are also monitoring the cotton jassid, an emerging insect threat.
