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.
Market analyst Kevin Huddleston said news of trade deals could rebound cotton prices in late fall, and producers need to be ready to strike deals.
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