Farm groups are lobbying Congress and the Trump administration for a number of relief measures to help producers cope with the slide in many commodity markets that has deepened as the COVID-19 pandemic worsens.
Commodity markets continue to skid and farmers are heading into planting season facing the prospect of a global recession spawned by the coronavirus pandemic that could further depress demand for key ag commodities, including meat and ethanol, economists say.
Canada’s House of Commons and Senate went into overdrive Friday and rushed through votes to approve implementing legislation for the U.S.-Mexico-Canada Agreement before going on recess amid concerns over the spread of the coronavirus.
China is continuing to follow through on promises to remove non-tariff barriers to U.S. farm commodities, according to a new compilation of goals that China agreed to in the “phase one” agreement that went into effect last month.
Chinese importers have been applying for — and getting — tariff exemptions to buy U.S. dairy products as a result of the “phase one” trade agreement, U.S. Dairy Export Council CEO Tom Vilsack tells Agri-Pulse.
Farmers across the Corn Belt and northern Plains along with producers in California, western Texas, and the lower Mississippi River Valley have been the biggest beneficiaries of the Trump administration’s Market Facilitation Program over the past year, according to data obtained by Agri-Pulse.
China has begun making policy changes and will soon be accepting applications for tariff exemptions as part of its agreements under the phase one trade pact with the U.S., the Trump administration announced Tuesday.