Cattle industry calls the trade deal with the UK a “win” for U.S. ranchers

America’s farmers and ranchers got a special shoutout from the Oval Office this week. During a press conference announcing the trade deal with the United Kingdom, President Trump said the agreement will greatly benefit rural America.

“The deal includes billions of dollars of increased market access for American exports, especially in agriculture, dramatically increasing access for American beef, ethanol, and virtually all of the products produced by our great farmers, and our Secretary of Agriculture is here. Brooke, thank you very much. You’ll let the farmers know.”

Sec. Rollins explained that part of the deal includes a big win for beef producers with around $250 million in exports for products like beef. Tariff rates were adjusted as well. The UK dropped its rate, while the U.S. saw a jump to 10 percent. President Trump also said the UK would be removing non-tariff barriers as part of the agreement. Secretary Rollins will be in the UK early next week to talk with her British counterparts. For now, the cattle industry is calling this a win for U.S. ranchers.

Related Stories
Set targets and use forwards, futures, or options to manage downside while preserving room for rallies.
Bangladesh’s buying surge offers temporary relief for U.S. farmers facing weaker Chinese demand, highlighting how global politics can reshape export outlets overnight.
RFD-TV Markets Expert Tony St. James breaks down the USDA’s newly unveiled plan to rebuild the US beef herd and the industry’s spectrum of responses to it.
American Farm Bureau Federation (AFBF) economist Bernt Nelson provides an updated outlook on the current U.S. cattle market.
Sen. Roger Marshall explains which types of beef are imported into the United States, how there’s room for new imports, and logical reasons for current high prices.

LATEST STORIES BY THIS AUTHOR:

Learn the conditions farmers must meet to qualify for this new three-year tax deferral on farmland sales, how much it could save, and other details to consider.
Bass Pro Anglers Jacob Wall and Bobby Lane will fish together in the Summit Cup after facing elimination in the Challenge Cup Knockout Round.
RFD-TV farm legal expert Roger McEowen digs into the details on how to make your rural property dreams a reality — and avoid a living nightmare.
The facility will increase the range of sterile fly release and bolster preparedness for New World Screwworm.
David Hardin with the Indiana Soybean Alliance discusses USMEF’s push to open new global export markets for both meat and soy-based feed.
Some sustainability shifts are not particularly challenging and can be implemented with resources already available to farmers and ranchers on their operations.