The U.S. Trade Rep is proposing fees on Chinese-built and operated ships. It comes in an effort to counter its dominance in global shipping.
However, many are concerned it could result in increased transportation costs for U.S. farmers.
American Farm Bureau Economist Danny Munch spoke with RFD-TV’s Suzanne Alexander on what these fees target, how much this would cost U.S. farmers, and additional concerns for producers.
Related Stories
President Trump is expected to press Argentina to take a tougher stance on China in exchange for political and economic support.
President Trump has long supported a direct line from Alberta’s oil fields to the Midwest.
Escalating U.S.–China tensions threaten soybean demand as farm finances are stretched further.
The news immediately caused a drop in equities and commodities, with soybeans down 20 percent in a matter of minutes.
ock NH3 early, track China’s Oct. 15 call and any U.S. Russia-UAN action, stay nimble on urea, and budget cautiously for high-priced phosphate.
Large animal veterinarian Dr. Rosalyn Biggs with Oklahoma State University warns producers may not be prepared for the real threat of New World Screwworm.