The new Japan trade deal represents a big win for American agriculture. The agreement includes the purchase of $8 billion of U.S. goods, along with an expansion of rice imports.
California farmer, Charley Mathews Jr. joined RFD-TV’s Tammi Arender to discuss what it means for rice producers in the United States, his California operation, and how he sees the trade deal impacting the rice outlook moving forward.
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Dr. Derrell Peel says long-term price relief will depend more on rebuilding the U.S. cattle herd than increasing imports.
Industry leaders say producers could still benefit even with many operations already using reduced-tax off-road diesel.
For producers, the next proof will be actual export sales, shipment pace, and buyer breakdowns.