Ag lawmakers this year are looking for ways to increase market access for U.S. farmers and ranchers. It was a big topic at a recent Senate Ag Committee hearing.
Senator Roger Marshall (R-KS) was there and said farmers shared some big concerns.
“One of the speakers talked about how farmers sell to a monopoly, that there are three or four places you can sell,” Sen. Marshall explains. “So what can we do to expand farmers, and the different markets that they can reach? Then, of course, we got to talk about trade, and certainly, we’re grateful for the past trade agreements President Trump got done. USMCA, South Korea, and Japan seem like I’m missing one or two of them. Joe Biden didn’t do any new trade. So, for four years, we’ve been idle, and we’re looking forward to President Trump hopping back in there and doing some strong bilateral trading agreements.”
Trade will be a big topic in the coming weeks. Tariffs with Canada and Mexico are on hold for one month as the two countries work out details. So far, both countries have made concessions to keep the extra duties at bay.
China is not one of our top suppliers of cooking oil, according to USDA ERS data, but does export a lot of used cooking oil to the U.S. for biofuel production.
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Lewis Williamson with HTS Commodities joined RFD-TV’s Market Day Report to share insight into what’s happening on the ground and in the markets.
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