President Donald Trump and White House officials insist that China will be buying $40 billion to 50 billion worth of U.S. agricultural products annually over the next couple of years, if the countries nail down a trade deal in the coming weeks, but the question is whether U.S. farmers, processors and exporters could meet that challenge.
As much as growers long for an end to the trade war with China, there are long-term threats to demand for corn, soybeans and other crops that could depress commodity prices for years to come and lead to calls for higher government spending, economists say.
The next round of high-level U.S.-China trade talks are on schedule for next month despite the White House axing Chinese plans for a key official to tour U.S. farms and processing facilities this week.
The Environmental Protection Agency has approved the insecticide sulfoxaflor for use on corn, cotton, sorghum and citrus, as well as other crops, the agency announced Friday, saying it had concluded the chemical posed no significant risk to bees and that alternatives to the chemical are worse for the environment.
Curious about how USDA came up with the payment rates for farmers hurt by retaliatory tariffs resulting from the administration’s trade policies? The department today released the methodology it used to set those levels for the trade mitigation package it announced Sept. 4.
University of California researchers are on the path to discovering genes that assist in drought resistance in sorghum, which could potentially be applied to other important cereal crops like corn, wheat, rice and barley in the years to come.
China has agreed to increase its imports of American agriculture and energy products and to address U.S. concerns about protection of intellectual property, according to a joint U.S.-China statement released by the White House.
China’s decision to scrap its anti-dumping and countervailing duty cases and a 179 percent tariff on U.S. sorghum has energized U.S. industry officials who hope it’s a sign that U.S.-Chinese trade relations are improving.
U.S. sorghum producers say they are unfairly caught in the middle of a trade fight between the U.S. and China, which on Tuesday accused the U.S. of dumping the grain on its markets and announced plans to impose a fee of 179 percent on U.S. sorghum imports.