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.
Rising cow numbers and higher yields are boosting milk supplies, which may keep pressure on prices and farm margins into the fall.
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U.S. soybean farmers are growing increasingly frustrated by Argentina’s gains in Chinese grain contracts and Trump’s pledge of economic support for the South American ally.
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The USDA is moving to close the farm trade gap through promotion, missions, and stronger export financing.
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Farm legal and taxation expert Roger McEowen explains the IRS’s shift to electronic payments and disbursements, and what it means for upcoming tax filings.
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Midwest corn and soy producers are monitoring for disease and lower yields due to the ongoing drought over the last 30 days.
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Industry-wide participation in SHIP enhances biosecurity and fosters global trust in U.S. pork, says swine health expert, Dr. Christine Mainquist-Whigham.
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