Agricultural News
China Announces It Will Accept US Beef by This Summer, NCBA Says Let's Get the Deal Done Right
Fri, 12 May 2017 12:47:54 CDT
Thursday of this week was full of major victories, not just for the US beef industry, but all of agriculture. Agriculture Secretary Sonny Perdue announced a reorganization of the USDA to include a new undersecretary for trade and foreign agricultural affairs, Robert Lighthizer was confirmed by the Senate as the next US Trade Representative and as of yesterday evening, China's government announced it had set a date to finalize negotiations and reopen their doors to US ag products, including beef.
While many groups like the US Meat Export Federation are welcoming this news, Kent Bacus of the National Cattlemen's Beef Association told Radio Oklahoma Ag Network Farm Director Ron Hays that, yes, the news is exciting but if it is going to be done - let's make sure we get it done right.
"China is important, but it's important that we get it done and we get it done right the first time," Bacus said. "The last thing we want is to have access in name only and not be able to capitalize that and build on the profit margins for producers."
Bacus contends that it is important upfront, to get the best possible deal with the most access whenever we first get out foot in the door. Otherwise it could be very difficult to negotiate up once the deal has been struck.
Listen to Hays and Bacus discuss China's big news about opening its markets back up to US beef exports, on today's Beef Buzz.
The Beef Buzz is a regular feature heard on radio stations around the region on the Radio Oklahoma Network and is a regular audio feature found on this website as well. Click on the LISTEN BAR below for today's show and check out our archives for older Beef Buzz shows covering the gamut of the beef cattle industry today.
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