Tomorrow is the tentative start date for 25% tariffs on both Canada and Mexico, both major U.S. ag trade partners.
The move has been met with mixed reviews, as all of agriculture speculates over the potential impact for farmers on both sides of the border.
StoneX Chief Commodities Economist, Arlan Suderman spoke with RFD-TV’s own Suzanne Alexander on what he is hearing from clients, the impact on the ag industry, and what producers need to keep in mind.
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“Now, we don’t know if income is dependent on a trade issue, and extra payment or disaster... or any number of things that we used to not have as high on the list of potential problems.”
“We raise one-third of the total U.S. pigs raised here come from Iowa. So, one out of every three pigs is raised right here in Iowa.”