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Shining Light on Farm & Food Policy for 20 Years.
Monday, August 19, 2024
The U.S. agriculture sector — from pork producers to vegetable farmers — is relishing House Speaker Nancy Pelosi’s agreement to a deal on the U.S.-Mexico-Canada Agreement, but farm groups won’t be satisfied until the House and Senate ratify the trade pact.
Agricultural policy has seldom received as much attention as it has in this presidential campaign as Democrats vie for ways to cut into President Donald Trump’s rural base and win Iowa’s first-in-the-nation’s caucuses amid heightened anxiety about the farm economy.
There’s no immediate relief in sight for American farmers, as corn stocks remain large and increased demand for U.S. crops remains elusive, ag economist Dan Basse of AgResource told attendees of the American Seed Trade Association conference in Chicago Tuesday.
House Speaker Nancy Pelosi and Democratic leaders gave the green light on Tuesday to a revised U.S.-Mexico-Canada Agreement and, according to House Ways and Means Committee Chairman Richard Neal, a floor vote on the new North American pact could get a floor vote next week.
The Trump administration on Monday moved closer to getting a deal for its renegotiated North American Free Trade Agreement as pressure increases from lawmakers and farm groups for a year-end ratification vote.
Lawmakers are trying to wrap up deals this week on the U.S.-Mexico-Canada Agreement and fiscal 2020 government spending while the Trump administration faces a self-imposed deadline for getting a partial trade agreement with China.
A proposal for a deal on the U.S.-Mexico-Canada Agreement has been sent to House Speaker Nancy Pelosi after top U.S. and Mexican negotiators met again Saturday in Washington, according to a Bloomberg report.
Two of the highest-level trade officials representing the U.S. and Mexico worked through the day Friday and into the night trying to reach an agreement on the replacement to the North American Free Trade Agreement, but fell short of a deal that both countries could accept.
China is going to lift tariffs to allow in more U.S. soybeans and pork, according to Xinhua News, a government-run media outlet, though it's unclear how much of the U.S. commodities will be allowed in, or for how long.