Long-term disruptions on the Red Sea could impact U.S. farmers, economists say
Attacks along the Red Sea are disrupting global trade.
An economist with the American Farm Bureau shares how this could impact farmers here at home.
“Long-term disruptions though can have impacts on U.S. farmers. We are already seeing that surcharges have been added onto a lot of ag exporters already without a 30-day notice which is mandated by the Federal Maritime Commission, so it won’t be long until farmers who have exported goods to those regions may feel a pinch. So, we’ll be watching this closely,” said Danny Munch.
Maersk, the second-largest shipping company in the world, has announced a stoppage of shipments through the Red Sea due to these ongoing attacks.