Vietnam is signing a series of agreements with American ag companies, which is expected to result in the country purchasing more than $2 billion in U.S. ag products.
A delegation has been on a multi-state mission, which kicked off in Iowa.
Ralph Lents with the Iowa Corn Promotion Board spoke with RFD-TV’s Tammi Arender about what these agreements mean for the state’s producers, expansion of a gasoline mandate, and an update on current conditions.
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“It does not extinguish right away here — in any sort of sense — the real profitability concerns and people’s ability to pay bills and get to the other side of this in the very short term. This is where the skepticism builds.”
Rich Nelson, a commodity broker for Allendale Inc., joins us to break down what the U.S.-China trade agreement means for the ag economy.
The U.S.-China summit raises hopes for stronger exports and reduced barriers, but U.S. ag players should remain strategically cautious until concrete volumes and certifications materialize.