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.
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Agricultural exports continue to be a key contributor to rural employment. However, rural businesses still struggle to fill numerous job openings.
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On Champions of Rural America, Rep. Dusty Johnson underscores the Western Caucus’ ongoing commitment to advocating for farmers and rural communities.
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American Coalition for Ethanol’s Ron Lamberty shares the significance of California’s approval, opening up the country’s largest gasoline market to a cleaner-burning, often lower-cost fuel option.
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Treasury Secretary Scott Bessent stated this week that the government will intervene to help, following China’s withdrawal from the U.S. soybean market. One trader says the industry will remain in a holding pattern until Tuesday.
October 03, 2025 01:04 PM
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University of Illinois Ag Economist Gary Schnitker says early projections indicate soybeans will be more profitable than corn in 2026.
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Farm CPA Paul Neiffer joins us to provide an updated analysis of projected ARC and PLC payments and potential delays due to the ongoing government shutdown.
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