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


Wheat Organizations Ask USTR to Work Toward Re-Joining TPP to Prevent Serious Revenue Loss

Wed, 07 Mar 2018 14:53:54 CST

Wheat Organizations Ask USTR to Work Toward Re-Joining TPP to Prevent Serious Revenue Loss U.S. Wheat Associates (USW), the National Association of Wheat Growers (NAWG) and 33 state wheat organizations have expressed hope in a letter to U.S. Trade Representative (USTR) Robert Lighthizer that the Administration will immediately prioritize accession to TPP to save the valuable Japanese market for U.S. wheat farmers.



“Once TPP is ratified, U.S. wheat exports to Japan will be at serious risk,” the letter stated. “TPP will reduce the effective tariffs that Japanese flour millers pay for imported Australian and Canadian wheat over nine years from about $150 to about $85 per ton. Effective tariffs on imported U.S. wheat would remain at about $150 per ton. Loss in market share and its negative effect on farmgate prices are likely to come much sooner, as Japanese millers reformulate their product mix to avoid the need to purchase artificially expensive U.S. wheat. Lost market share is incredibly difficult to regain.”



The wheat industry organizations noted that Japan has, on average, imported more U.S. wheat than any other country for many years. U.S. wheat market share is typically more than 50 percent of the 6 million metric tons (MMT) of wheat Japan imports annually. Sources within the Japanese milling industry however estimate that could quickly fall to less than 25 percent under TPP 11 rules. At the average price Japan has been paying for U.S. wheat the past five years, that would represent an annual loss of almost $500 million for farmers, rail and barge operators and grain handlers.



“Unfortunately, the agreement among the TPP members will have a devastating impact in rural communities across the wheat belts of the Great Plains and the Northwest, though it will hurt the income of every American farmer growing wheat,” the letter continued. “The President has promised to negotiate great new deals. American agriculture now counts on that promise and American wheat farmers - facing a calamity they would be hard pressed to overcome - now depend on it.”



The organizations said they welcomed the President’s recent openness to joining TPP if better terms for the United States can be negotiated. They also suggested that Ambassador Lighthizer could include acceding to the TPP as an objective in the Administration’s report to Congress that will outline its request to extend Trade Promotion Authority.



The letter and a complete of organizations who signed on can be found here.



Source - US Wheat Associates / National Association of Wheat Growers




   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Steer and Heifer Calves Trade 3.00 - 6.00 Higher on Tuesday at OKC West Livestock Auction  Tue, 18 Dec 2018 16:31:10 CST
  • Arysta's 'UNLOCK 5' Can Help You Optimize Your Crop's Yield Potential- Lynn Justesen Explains How  Tue, 18 Dec 2018 15:54:11 CST
  • Farm Bureau Leaders Zippy Duvall and Jeff Aiken Call Attention to New Clean Water Rule's Strengths  Tue, 18 Dec 2018 15:25:29 CST
  • John Deere Company to Launch New Start-Up Collaborator Program in Its Intelligent Solutions Group  Tue, 18 Dec 2018 15:19:56 CST
  • Updated Study by USMEF Quantifies Value Delivered to Corn Producers Through Red Meat Exports  Tue, 18 Dec 2018 15:10:57 CST
  • House Ag Chair Mike Conaway, AFBF President Zippy Duvall Embrace the EPA's "Clear Water Rule"  Tue, 18 Dec 2018 15:04:23 CST
  • University of Nebraska Veterinary Epidemiologist Brian Vander Ley on Vaccine Efficacy, Management  Tue, 18 Dec 2018 14:52:14 CST
  • Oklahoma Congressman Tom Cole Expresses His Support for Rural Americans in Op-Ed for McCarville  Tue, 18 Dec 2018 14:41:58 CST

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Livestock Exchange Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment Tulsa Farm Show Stillwater Milling KIS FUTURES, INC. Oklahoma Cattlemen's Association

    Search OklahomaFarmReport.com

    Find more about Weather in Oklahoma City, OK

       
       
    © 2008-2018 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.