As the Trump Administration works to balance U.S. trade books, lawmakers on the Ways and Means Committee are frustrated with a lack of progress over the last four years.
Congressman Randy Feenstra of Iowa says the Biden Administration opened zero new trade markets.
“So when you talk about export markets, whether it be corn, soybeans, wheat, cotton, we haven’t opened anything; cattle, hogs, dairy, and now we have that opportunity. We’re really working with the Administration right now. Everyone is hearing about tariffs, but I’m also hearing about the opportunity to have new export markets for all our commodities, and that’s exciting to hear about.”
Feenstra says there are a lot of exciting things on the horizon for agriculture, and he hopes to see greater market access over the next four years.
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Incremental trade clarity with India could support select U.S. ag exports, but major gains hinge on future market-access talks.
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The phone call injected optimism into the soybean market, but actual Chinese buying and its timing will ultimately determine the extent of U.S. agricultural export benefits.
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Mexico has fallen behind by several hundred thousand acre-feet in required water deliveries to the United States, a shortfall that has had devastating consequences across the Rio Grande Valley.
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Purdue University Professor of Agricultural Economics Dr. Jim Mintert shares a closer look at farmer sentiment and the key issues shaping the agricultural economy in January.
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Stronger U.S.-Guatemala trade rules favor dependable, regionally integrated supply chains — rewarding execution and commitment over cost-only sourcing.
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