Trade
Rich Nelson, a commodity broker for Allendale Inc., joins us to break down what the U.S.-China trade agreement means for the ag economy.
“We oppose the port fees because they are going to have a severe effect on the U.S. economy and, in particular, agricultural exporters and farmers.”
“South Dakota ranked dead last in international trade. We’re going to change that.”
RFD-TV agricultural law and taxation expert Roger McEowen discusses issues concerning farmers and ranchers, such as trade vs. business, income tax basis, croppers, and like-kind exchanges.
“Our organization was the only one that publicly came out and said, ‘We support these wholeheartedly.’”
“There is no free trade without fair trade!”
Retaliatory tariffs have left Louisiana rice farmers in the middle of international trade disputes.
Imports
American Farm Bureau Federation (AFBF) economist Danny Munch joined us on Thursday’s Market Day Report to break down the scope of the U.S. Christmas Tree industry and what growers are up against.
Canadian tariffs would raise costs for potash, ammonia, and UAN, increasing spring fertilizer risk.
Tariff relief and new trade agreements may temper food costs by reducing import costs.
Exports
Lower shipping costs alone will not restore export competitiveness.
Rising fuel costs will soon increase grain transportation expenses.
The USDA’s upcoming reports will drop on Tuesday afternoon, giving the trade real results on acreage shifts, drought concerns, and ongoing trade tensions, adding uncertainty for U.S. farmers.