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.
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Dr. Gary Schnitkey from the University of Illinois discusses farmers’ sentiment toward industry consolidation, especially in the fertilizer sector, where costs remain historically high.
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USDA says total grain inspected for export reached 2.81 million metric tons for the week ending June 11.
The dairy industry is encouraged by potential H-2A reforms while supporting renewal of the USMCA.
Experts note that economic growth, fuel demand, and energy diversification are opening new opportunities for U.S. grain and ethanol exports in Southeast Asia.
The USDA’s new cotton initiative comes as policymakers continue to focus on stabilizing farm income across major row crops while balancing export exposure with domestic supply chain resilience.