WASHINGTON, D.C. (RFD News) — USDA trade officials continue working to expand export opportunities for American agriculture as global demand and market competition continue evolving.
USDA Under Secretary for Trade and Foreign Agricultural Affairs Luke Lindberg recently met with agriculture industry leaders during the National Restaurant Association Show, where discussions centered around growing international market access for U.S. products.
Lindberg joined us on Friday’s Market Day Report to discuss some of the priorities highlighted during the event.
In his conversation with RFD News, Lindberg touched on conversations with NASDA, Food Export-Midwest and Food Export-Northwest surrounding new export opportunities and concerns tied to opening additional markets for U.S. agriculture.
The conversation also focused on the process of turning trade agreements into actual sales opportunities for producers and how USDA continues working to strengthen export financing for agricultural exporters.
Lindberg additionally discussed the outlook for ethanol and biofuel exports as demand for renewable fuel markets continues growing worldwide.
Market reaction was bearish for corn and soybeans, with analysts noting that abundant supplies amid tepid demand could keep price pressure on agricultural commodities.
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Farmer Bridge payments are being used primarily to reduce debt and protect cash flow, not drive new spending. Curt Blades with the Association of Equipment Manufacturers joined us to provide insight into the ag equipment market and the factors influencing sales.
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