MITCHELL, S.D. (RFD-TV) — The ag sector is remaining cautiously optimistic following this week’s trade talks between the U.S. and China. While the one-year deal raises hopes for stronger exports and eased trade barriers, full details have yet to be released.
U.S. Representative Dusty Johnson (R-SD) joined us on Friday’s Market Day Report to share his outlook on the developing agreement.
In his interview with RFD-TV News, Rep. Johnson discussed what the deal could mean for U.S. farmers, including China’s pledge to buy 12 million metric tons of soybeans this season, and weighed in on whether the progress marks a lasting breakthrough or a short-term truce in trade relations.
The conversation turned to other ag topics, including concerns over potential U.S. beef imports from Argentina, the USDA’s new plan to strengthen the beef industry, and the ongoing impact of the federal government shutdown—now stretching past four weeks—on rural communities and producers.
The U.S. Department of Labor (DOL) estimates that the move will save farmers and ranchers $2.5 billion each year. The group warns that new methods for calculating the adverse-effect wage rate would result in lower pay for foreign workers.
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Mike Steenhoek of the Soy Transportation Coalition discusses industry reactions to the proposed Union Pacific–Norfolk Southern merger, the Surface Transportation Board’s review process, and current conditions on the Mississippi River.
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Richard Gupton of the Agricultural Retailers Association explains a new resource designed to help farmers comply with ESA-related pesticide label requirements.
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Sen. Roger Marshall discusses the Senate’s unanimous passage of the Whole Milk for Healthy Kids Act and what expanded milk options could mean for students and dairy farmers. Industry groups say it is a win for student nutrition and dairy producers.
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Lower tariff rates and new rail-service proposals may improve corn movement efficiency during early-season marketing.
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