An agreement has been made to avoid a shipping port strike on the East and Gulf Coasts.
While it is welcome news for agriculture, we will not know the full details until the two parties have fully ratified the new six-year contract.
Mike Steenhoek with the Soy Transportation Coalition joined RFD-TV’s own Suzanne Alexander to discuss why it is good for ag, ports’ importance to agriculture, and what his biggest takeaway is from the situation.
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Improved export prospects and higher crop prices strengthened future expectations despite continued caution about spending.
While the agriculture industry hoped details on proposed “bridge” payments for farmers would be released this week, Ag Secretary Brook Rollins said the USDA is still working with the White House on the finer points.