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

advertisements
   
   
   
   
   
   

Agricultural News


US Beef Cattle Industry Losing Market Share Every Day TPP is Not Ratified- NCBA Joins Coalition to Demand Congressional Action

Mon, 11 Apr 2016 15:47:24 CDT

US Beef Cattle Industry Losing Market Share Every Day TPP is Not Ratified- NCBA Joins Coalition to Demand Congressional Action Today, 225 food and agricultural companies and associations including the National Cattlemen’s Beef Association sent a letter to members of Congress calling for a swift vote on the Trans Pacific Partnership. NCBA President Tracy Brunner says cattle producers cannot wait any longer to level the playing field.


“Japan is our largest export market and our Japanese customers demand high quality U.S. beef,” said Brunner. “However, due to the Australia-Japan Economic Partnership Agreement, U.S. beef faces a tariff that is 11 percent higher than Australian beef, our leading competitor. That tax alone makes our beef less competitive and gives Australia’s beef producers a significant advantage that has allowed them to capture over $100 million in additional beef sales at the expense of U.S. producers.”


With the implementation of the Australia-Japan Economic Partnership Agreement in early 2015, the tariff rate on Australian beef exports to Japan immediately dropped from 38.5 percent to 28.5 percent. On April 1, 2016, that tariff again dropped to 27.5 percent and will continue to decrease every April until the tariff rate hits 19 percent in 2031.


“On April 1, Australian beef producers got a tax break on beef exports to Japan and we paid for it in lost sales,” said Brunner. “We know Japanese consumers want U.S. beef, but just like domestic consumers, they make their buying decision based on price and appearance. Until we level the playing field through TPP, U.S. beef is going to be at an economic disadvantage in Japan. That is why we cannot afford to delay passage of TPP; every day costs our producers real money.”


Upon implementation of TPP the tariff rate on U.S. beef into will immediately drop from 38.5 percent to 27.5 percent. Moreover, that rate will continue to decrease over the following 16 years until it settles at 9 percent.


“TPP is a great agreement for U.S. beef producers and rural America,” said Brunner. “Trade supports U.S. jobs, commodity prices, and the next generation of U.S. beef producers. We are pleased to join with other food and agricultural groups in calling on Congress to pass TPP this Congressional session.”


This past weekend, Radio Oklahoma Network Farm Director Ron Hays talked with Tracy Brunner about several issues, including TPP. Bruner was in attendance at the 139th Annual Meeting of the Texas and Southwestern Cattle Raisers. You can hear the segment of their interview on TPP by clicking on the LISTEN BAR below.

The letter that NCBA signed onto can be read here.






   
   

Ron Hays talks with Tracy Brunner of NCBA on TPP
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m, Thursday, March 4, 2021  Thu, 04 Mar 2021 15:24:14 CST
  • Thursday, March 4, 2021 Market Wrap-Up with Justin Lewis  Thu, 04 Mar 2021 15:12:34 CST
  • OSU's Kim Anderson Talks about Harvested Delivery Commodity Prices On This Weeks SUNUP  Thu, 04 Mar 2021 15:07:57 CST
  • Cong. Lucas Explains Why He Voted Against HR 1 And The Latest Covid-19 Relief Package  Thu, 04 Mar 2021 15:11:15 CST
  • Oklahoma Agriculture on Route 66 with Ag in the Classroom   Thu, 04 Mar 2021 10:49:35 CST
  • Embracing the Positives in Sustainable Cattle Production  Thu, 04 Mar 2021 09:28:09 CST
  • NWF Hosts Wheat 105 Educational Event, Yield Contest Recognition  Thu, 04 Mar 2021 09:24:42 CST
  • NMPF Statement on Reintroduction of Farm Workforce Modernization Act  Thu, 04 Mar 2021 09:01:41 CST

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment Tulsa Farm Show AFR Insurance Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.
    © 2008-2021 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.