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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API said it stands ready to work with Congress to develop a balanced approach to E15 legislation that promotes fuel choice, supports investment certainty, and contributes to a stable and fair marketplace for American consumers.
In the meantime, Senate Majority Leader John Thune is asking that farmers be allowed to use marketing assistance loans to help stay afloat.
Beef industry groups seem to agree — market-based pricing, not federal intervention, best supports rancher livelihoods and long-term beef supply stability.