President Donald Trump says China will immediately start buying U.S. agricultural products. Via Twitter over the weekend, Trump says China will start buying “very large quantities” of U.S. farm products, adding, “they have already started.” The administration says the agreement…
Other Ag News
AEM Releases September Equipment Sales Results
September was a fairly solid month overall for retail sales of tractors and combines in the United States and Canada, according to the latest data from the Association of Equipment Manufacturers. Total farm tractor sales in the U.S. increased 18.7…
Farm Equipment Leasing Doubles
A new report shows the leasing of farm equipment has nearly doubled since 2012. The Wall Street Journal reports Deere & Co. is spending billions of dollars each year on its own equipment for leasing programs. Records show that more…
U.S., China Reach Limited Trade Agreement
The U.S. reached a limited trade agreement with China on Friday afternoon that would pave the way for resolutions on broader issues later in the year. Business Insider Dot Com says it temporarily defuses a dispute between the worlds’ two…
More Optimism Surrounding USMCA Passage
One of the biggest hurdles to passing the U.S.-Mexico-Canada Trade Agreement could soon go away. Mexico recently promised House Democratic Leadership that it would improve its enforcement of new labor standards to protect the rights of workers in that country.…
McKinney Will Lead Trade Mission to Vietnam
USDA Undersecretary for Trade and Foreign Agricultural Affairs Ted McKinney will lead a trade mission to Vietnam on October 15-18. It’s a large trade mission as McKinney will be accompanied by almost 80 industry and government representatives looking to grow…
Drought Conditions Worsen In The Southeast
Drought conditions continue to grow across the Carolina’s. NC State climatologist Corey Davis discusses the conditions in Today’s Topic on SFN
Japan Agreement to Restore U.S. Benefits in TPP
The trade agreement announced over the weekend between the U.S. and Japan should close the tariff gap created when President Trump removed the U.S. from the Trans-Pacific Partnership. Details have yet to be announced, but agriculture groups expect the tariff…
U.S. Farms Paying Cost of Retaliatory Tariffs
U.S. farmers are taking the brunt of retaliatory tariffs, according to a recent CoBank report. The report confirms what the industry has pointed out over the course of the trade war, that China is targeting U.S. farm products in retaliation.…
Amazon Fires Could Alter Global Soy Trade
Fires in the Amazon are likely to alter global soy trade in the future. Jim Bower of Bower Trading points out in his daily newsletter that many of the fires are started by humans to clear the land for crops.…
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