The American agricultural industry posted its highest annual export levels ever recorded last year, according to the final 2021 trade data from the Department of Commerce. The report shows exports of U.S. farm and food products to the world in 2021 totaled $177 billion, topping the 2020 total by 18 percent and eclipsing the previous record, set in 2014, by …
Former USDA Economist Comments on Current Trade Climate
Farmers for Free Trade held a virtual roundtable Thursday to focus on the current trade landscape, the Biden administration’s trade agenda, and how ag exports are critical to workers throughout America. On the panel was Dr. Joseph Glauber, currently Senior Research Fellow at the International Food Policy Research Institute but well known as former chief economist at USDA from 2008-2014. …
Administration Plans to Press China on Trade Agreement
United States Trade Representative Katherine Tai delivered remarks Monday at the Center for Strategic and International Studies (CSIS) “outlining the Biden-Harris Administration’s new approach to the U.S.-China bilateral trade relationship.” Ambassador Tai said they will begin by having discussions with China about its performance under the Phase One Agreement and commitments made “that benefit certain American industries, including agriculture, that …
Vilsack Promises to Press China on Phase One
Secretary of Agriculture Tom Vilsack promises to press China to fulfill its Phase One trade agreement obligations, but admits it’s complicated. “We’re involved in a multiple level, complex relationship with China,” said Vilsack during a virtual appearance before the Agricultural Business Council of Kansas City and Agri-Pulse Ag Outlook Forum Monday. “And it’s not a simple thing to put together …
Trade Ambassador Addresses NASDA
U.S. Trade Representative Katherine Tai spoke to state agriculture officials across the country Tuesday during the National Association of State Departments of Agriculture (NASDA) Hybrid Annual Meeting. “Farmers are always planning for the future and that’s what we have to do together,” said Tai in a pre-recorded conversation with NASDA member Derek Sandison, Washington State Director of Agriculture. “I want …
Single Week Sorghum Sales Shatters Records
Export sales of U.S. sorghum hit a single week record this month of more than 33.9 million bushels with almost all of it heading to China. That shatters the previous record set in August 2020 by more than 10 million bushels. In addition, new sales commitments of 33.8 million bushels, predominantly purchased by China, also topped the previous record for …
China Starting to Buy U.S. Ethanol
Reports that China is buying U.S. ethanol again sent a positive message to the industry Tuesday that the Phase One trade agreement promises may yet be met. During an investor call, Archer Daniels Midland Co-Chief Financial Officer Ray Young said they believe China has already made commitments “in the first half of the year for U.S. ethanol equal to the …
USDA Under Secretary McKinney Addresses Ag Retailers
USDA Under Secretary for Trade and Foreign Agricultural Affairs Ted McKinney addressed the 2020 Agricultural Retailers Association Conference & Expo Wednesday to update attendees on the U.S. trade situation at the end of 2020. In a quick spin around the world, McKinney touched on trade and COVID19 in different countries, including Mexico and Canada with USMCA, China and the Phase …
Agri-Pulse Hosts National Pork Board Webinar on Trade
Agri-Pulse president Sara Wyant moderated a discussion last week with USDA Trade Undersecretary Ted McKinney, North Carolina hog farmer Jan Archer, and Iowa State University economist Dermot Hayes on how exports add value for pork producers and support U.S. jobs. The event was sponsored by the National Pork Board. Watch the webinar here. Listen to the audio here: (1 hour)
USDA and USTR Release Report on China Trade
An interim report from the U.S. Trade Representative (USTR) and the U.S. Department of Agriculture (USDA) highlights the progress made so far in implementing the agricultural provisions in the U.S.-China Phase One Economic and Trade Agreement. To date, China has implemented at least 50 of the 57 technical commitments under the Phase One Agreement. These structural changes will benefit American …