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Shining Light on Farm & Food Policy for 20 Years.
Tuesday, November 19, 2024
U.S. beef exports saw their highest export value since June 2023, reaching $900 million in May, while pork exports trailed in both volume and value compared to a year ago, according to the U.S. Meat Export Federation.
Some of the top U.S. ag leaders are quietly discussing potential ramifications if China ramps up its aggression toward Taiwan and Russia continues its invasion of Ukraine.
Bipartisan agreement on the need for the U.S. and Taiwan to strengthen ties through a trade pact was on display Wednesday at a House Ways and Means Committee hearing, although Republican lawmakers were mostly critical of the Biden administration’s decision not to negotiate a traditional free trade agreement that requires approval from Congress.
Drought in the American West, Southwest and Central Plains hit farmers and ranchers hard last year, buta new survey from the American Farm Bureau Federationshows the situation has worsened this year as more producers are abandoning scorched crops, destroying orchard trees and paying for livestock feed.
U.S. meat and dairy exporters have a lot to gain if Taiwan were to remove barriers to their products. That’s why groups representing both sectors are lauding a U.S. announcement that the two countries have reached an agreement on a broad set of goals for a trade pact that they’re planning to begin negotiations on this fall.
The Biden administration is kicking off talks with Taiwan on an agreement to facilitate more trade between the countries without reducing tariffs, according to senior administration officials.
In an increasingly global market where U.S. beef, pork and poultry producers can no longer thrive without access to foreign markets, the ag sector is clamoring for new advantages over foreign competitors, better access to foreign buyers and new free trade agreements.
Congress has averted a government shutdown today while providing $10 billion in assistance for ag disasters that have occurred over last year and this year. The aid was included in the stopgap funding bill that President Biden signed into law Thursday night.
