Soy leaders are keeping a close watch on tariff action out of the White House. China is a major buyer of U.S. soybeans, and economists warn the situation could quickly heat up.
“They dominate the global oil seed market and they import more than the rest of the world combined. And in 2018, when those Section 301 retaliatory tariffs went into place, we saw prices drop overnight by $2.00 a bushel and our market share evaporate. You know, USDA’s Economic Research Service put out a study assessing the economic damages done to us as a result of the trade. It showed $27 billion in losses for U.S. ag, and of that amount, our soybeans accounted for 71%,” said Virginia Houston.
President Trump has given both Canada and Mexico a February 1st start date for tariffs. Some ag leaders have warned the plan could backfire, while others support the move as an effort to boost U.S. trade.
National Pork Producers Council President Rob Brenneman joins us to discuss Prop 12 provisions in the House’s Farm Bill as it heads to the Senate for debate.
Officials say no additional spread has been detected as containment and monitoring efforts move forward.
U.S. Cattlemen’s Association President Justin Tupper joins us to discuss the DOJ packer investigation, industry competition, and the outlook for cattle producers.
Practical changes to retailer stocking standards promote more options all while reducing fraud and abuse in the Supplemental Nutrition Assistance Program
Global soybean competition is moving deeper into crush capacity, logistics, and value-added product control.
Jonathan Braley joins us to discuss rising cybersecurity threats in agriculture, the risks of ransomware attacks, and how Food and Ag-ISAC’s new guide can help businesses better protect themselves.
