When it comes to ag exports, there are two sides to the equation: trade and infrastructure.
House Ag Committee Chair, GT Thompson, shares what could be on the radar for Congress this session.
“It won’t be infrastructure in terms of canals, ports which needs to be addressed. We need to modernize in a serious way. I mean we have ports of entry and ports of export. They cannot accommodate these larger shipping vessels that we now have. So, for whatever reason the United States has not kept up with those investments and we need to do that. We need to be able to move our agricultural commodities efficiently.
“We need to make this a place where these companies that operate these vessels want to come to, right? Also, we need to look at some policies, like there’s an awful lot of shipping containers that are going back empty, specifically to China and that’s wrong. We’re buying products and they need to be fulfilling their trade promises and buying our commodities.”
Congressman Thompson says trade was a hot topic at the listening session with farmers this week at the World Ag Expo.
Secretary Rollins’ plan targets high costs, labor challenges, and export growth, delivering relief at home while building markets abroad.
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The USDA is moving to close the farm trade gap through promotion, missions, and stronger export financing.
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Argentina hopes to boost demand, but critics see the move as a blow to American farmers.
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China is making strategic moves by purchasing more soybeans from Argentina and may soon follow the EU and reopen its market to Brazilian chicken exports.
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Farmers should watch for soybean export rebounds with harvest, while corn and wheat shipments remain strong and sorghum demand struggles.
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Rollins says the new trade relationship with Taiwan, which is committed to buying a significant amount of U.S. soy, could not come at a better time for farmers facing financial strain.
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