The ag sector is keeping a close eye on potential port fees targeting Chinese-built ships. While it aims to strengthen the administration’s “America first” trade agenda, many are concerned it could result in increased costs for U.S. farmers.
CEO of the World Shipping Council, Joe Kramek spoke with RFD-TV’s own Suzanne Alexander on testifying at the USTR hearing, ripple effects on farm exports, and what this will mean for the ag economy.
Related Stories
Corn inspections remain strong year-to-date, while China’s soybean and sorghum movement remains important to late-season export demand.
Southern Plains wheat shippers face higher rail fuel surcharges as hard red winter wheat production falls toward a nearly 70-year low.
USDA says both crops remain ahead of the five-year average as farmers continue monitoring dry Corn Belt conditions.
RealAg Radio’s Shaun Haney joins us to discuss Canadian farmer sentiment, saying many are also struggling with profitability and long-term outlook in agriculture.
USMEF President and CEO Dan Halstrom joins us to discuss China’s renewed access for U.S. beef facilities, the outlook for exports, and key conversations taking place at this week’s Spring Conference.
Strong rail and ocean demand support grain movement, but weak barge traffic and high diesel costs keep freight pressure elevated.