U.S. Secretary of Agriculture Brooke Rollins will be on the road over the next few weeks. She will first stop in the United Kingdom, searching for additional new markets for U.S. crops. Then she will travel to Japan to follow up on President Donald Trump‘s latest trade deal, which is worth half a trillion dollars.
———
Rollins Makes the Most of New Trade Deal with Japan
During an exclusive interview with RFD-TV News, Secretary Rollins said she’s hoping this will make up for Trump’s tariff agenda, which led to a strained trade relationship with China, previously one of the top importers of U.S. agricultural products.
“Eight billion [dollars] a year in commitment from Japan to bring in more soybeans, corn, ethanol, et cetera — and that’s just a massive number that’s going to make a huge difference,” Rollins told RFD-TV on Friday. “Of course, we’ve talked a lot about China being our biggest buyer in some of these commodities, and certainly we need China, especially for soybeans and others, right now. But we have to look to other areas of the world. The new trade deal with Japan includes $550 billion in projects that the U.S. will select.
The U.S. will put a baseline 15% tariff on all Japanese imports, with sector-specific duties on goods like vehicles. It also gives a big boost to row crops like corn and soybeans, with Japan agreeing to ramp up purchases of those U.S. crops.
Let’s meet Wylie Schwebach from the Moriarty FFA chapter in New Mexico, one of this year’s Star finalists in agricultural placement.
October 24, 2024 12:31 PM
·
National FFA Secretary Grant Northfleet shares his motivation behind a year of service, highlighting the organization’s role in providing students with real success through hard work.
October 24, 2024 12:12 PM
·
October 10, 2024 01:02 PM
In his latest Firm to Farm blog post, Ag Legal & Taxation Expert Roger McEowen examines contracts, insurance, and property rights and how those legal processes can impact your farm or ranch operation.
October 08, 2024 02:26 PM
·
Digital contracts are becoming more common for farmers and ranchers, which means some unique legal issues might arise. RFD-TV’s farm legal expert Roger McEowen briefly examines those.
October 06, 2024 02:15 PM
·
The IRS recently issued its 2024 guidance on the extended replacement period for drought (and other weather-related) livestock sales. RFD-TV Ag Legal & Tax expert Roger McEowen discusses the IRS’ extension of the replacement period for livestock sold due to weather-related conditions.
October 01, 2024 11:57 AM
·
September 30, 2024 11:35 AM
What are some common mistakes that farmers and ranchers make regarding estate planning? Here are a few key ideas to consider from RFD-TV Ag Legal and Tax Expert Roger McEowen with the Washburn School of Law.
September 24, 2024 01:43 PM
·
RFD-TV ag legal expert Roger McEowen examines common issues facing farmers, ranchers, and rural landowners: SAF fuel, R&D credit, drones, and cleaning fencerows.
September 17, 2024 12:15 PM
·
