Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211


Agricultural News

National Cattlemen's Beef Association Urges Swift Action on TPP

Wed, 24 Feb 2016 11:29:22 CST

National Cattlemen's Beef Association Urges Swift Action on TPP
The National Cattlemen’s Beef Association sent a letter on behalf of its members and state affiliates urging quick passage of the Trans-Pacific Partnership. NCBA President Tracy Brunner said cattle producers cannot afford to wait any longer for passage of this critical agreement.

“The value exports add to U.S. beef is undeniable,” said Brunner. “Asia and the Pacific Rim are extremely valuable markets for U.S. beef. We not only export steaks and ground beef, but this region demands high quality variety meats like beef tongue. Those products bring a premium in these markets and add value back to producers here at home. Trade is an investment in our future, profitability for the next generation.”

In 2015, trade added an estimated $325 per head in value. Japan is the largest export market for U.S. beef, amounting to $1.3 billion this past year. Currently, U.S. beef faces a 38.5 percent tariff in Japan. With the implementation of the Australia-Japan Economic Partnership Agreement, Australian beef has a 10 percent tariff advantage over U.S. beef.

“Due to the preferential agreement between Australia and Japan, U.S. producers have lost over $100 million in sales to Japan this past year,” said Brunner. “The only way to level the playing field, stop the erosion of our market and rebuild market share is passage of TPP. Once TPP is passed the tariff rate on our beef into Japan will immediately reduce to 27.5 percent and continue to reduce to 9 percent over 16 years.”

There are around 260 preferential trade agreements in force worldwide, only 14 of which include the United States. The NCBA urges Congress to quickly take up and pass the TPP to ensure a viable future for U.S. beef exports.



WebReadyTM Powered by WireReady® NSI


Top Agricultural News

  • Oklahoma Grain Elevator Cash Bids as of 2 p.m. Friday, October 22, 2021  Fri, 22 Oct 2021 15:19:14 CDT
  • Friday, October 22, 2021, Market Wrap-Up with Justin Lewis  Fri, 22 Oct 2021 15:15:18 CDT
  • Labor Shortages are the Root Cause of Stagnant Cattle Prices Says Justin Benavidez  Fri, 22 Oct 2021 13:14:24 CDT
  • OSU Inks Head Football Coach Mike Gundy to New Contract  Fri, 22 Oct 2021 13:11:06 CDT
  • Dairy Management Inc. 2020 Annual Report Available Online  Fri, 22 Oct 2021 12:40:03 CDT
  • Sign Up Now for the 2022 National Farmers Union Women's Conference  Fri, 22 Oct 2021 12:33:48 CDT
  • OSU Agriculture Honors Distinguished Group During Ceremony  Fri, 22 Oct 2021 11:54:25 CDT

  • More Headlines...


    Ron salutes our daily email sponsors!

    Oklahoma Beef council Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment Tulsa Farm Show Union Mutual Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.


    Search OklahomaFarmReport.com

    © 2008-2021 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.