Wednesday, April 24, 2024
Tags Posts tagged with "Tariffs"

Tag: Tariffs

The past year has been the most challenging in a generation, U.S. soybean growers say, thanks to the trade war with China.

Which option, Prevent Plant or MFP payments, would offer the most benefits to an individual farmer? There is no clear-cut answer, but, according to USDA, it does have to be one or the other.

Since Sept. 1, 2018, American soybean exports to China have declined by 80% of the three-year annual average. It will take years to rebuild that market.

The governments of the United States, Mexico and Canada have reached an agreement to roll back metal tariffs, known as Section 232 tariffs, a move that could hasten passage of the U.S.-Mexico-Canada Agreement.

The USDA announced Feb. 22 that the Chinese government has committed to buy an additional 10 million metric tons of U.S. soybeans.

A trade dispute with China escalated last week with China’s announcement April 4 of a proposed 25 percent tariff on imported U.S. soybeans.

Ohio Farm Bureau county presidents heard from and engaged in conversation with elected officials about NAFTA, the farm bill and rural infrastructure.