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.
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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Argentina hopes to boost demand, but critics see the move as a blow to American farmers.
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China is making strategic moves by purchasing more soybeans from Argentina and may soon follow the EU and reopen its market to Brazilian chicken exports.
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Farmers should watch for soybean export rebounds with harvest, while corn and wheat shipments remain strong and sorghum demand struggles.
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Rollins says the new trade relationship with Taiwan, which is committed to buying a significant amount of U.S. soy, could not come at a better time for farmers facing financial strain.
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The three-point plan was announced during remarks at the annual meeting of the National Association of State Departments of Agriculture.
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