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Shining Light on Farm & Food Policy for 20 Years.
Monday, December 23, 2024
President-elect Donald Trump’s latest tariff announcement, if implemented, could raise farm input costs and dent U.S. agriculture exports, but analysts say he could cut deals to prevent some of the tariffs from materializing.
The Agriculture Department projects that the U.S. agricultural trade deficit will widen this fiscal year to $45.5 billion, an increase on the previous estimate as imports grow faster than expected.
Nearly 10,000 Canadian rail workers are locked out amid a stalemate in contract negotiations with two of the country’s major railroads that has halted rail shipments within the country's borders. U.S. ag shippers and railroads worry the labor dispute could disrupt cross-border traffic.
St. Lawrence Seaway workers have a tentative deal with the waterway's management corporation, ending a weeklong strike that halted the transport of goods through the system.
Prices for potassium chloride, the most common form of potash fertilizer, dipped in the third quarter, but global demand is expected to climb in the coming years amid supply shortages, which will keep prices strong as companies around the globe invest in new production capacity.
The U.S. is again demanding to enter into official consultations with Canada over complaints that Ottawa continues to manipulate its dairy import quotas that stymie U.S. exports, the Office of the U.S. Trade Representative said Wednesday. Those consultations could lead to the U.S. calling for a second dispute panel under the U.S.-Mexico-Canada Agreement.
Agriculture Secretary Tom Vilsack on Monday left open the possibility of retaliatory tariffs against Canada for again making what the U.S. sees as an unacceptable proposal to alter its dairy quota system.
U.S. Agriculture Secretary Tom Vilsack says Canada’s second proposal for changing its tariff rate quotas for U.S. dairy is unacceptable and the Canadians must make key changes for the U.S. to agree to a resolution of the dispute.
The Canadian Pacific Railway, an essential factor in delivering potash to the market in the U.S. and ports for shipment around the globe, will resume operation Tuesday after a deal was reached with striking union members.
The Canadian Pacific Railway – a key transportation route for fertilizer delivery to the U.S., Brazil and elsewhere - has shut down amid stalled labor negotiations between the railroad and the Teamsters Rail Conference Canada union.
