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


Ag's Message of 'Do No Harm' Heard by Administration and Implemented in New KORUS Agreement

Mon, 01 Oct 2018 10:37:02 CDT

Ag's Message of 'Do No Harm' Heard by Administration and Implemented in New KORUS Agreement


A collective sigh of relief was felt this past week by many of those in the animal agriculture industry. That relief prompted by the announcement made by the Trump Administration that a new Korea trade deal had been struck and signed by both President Trump and South Korea President Moon Jae-in during a trip to New York for a visit to the United Nations. The aspect most appealing about this new agreement to the ag industry being that not much was changed as it relates to agricultural products.


“We already have very good access under the Korean Free Trade Agreement. That’s been our message all along when it comes to the Korean Free Trade Agreement- ‘let’s do no harm,’” said Kent Bacus, director of international trade and market access for the National Cattlemen’s Beef Association. “That market means about 1.2 billion dollars for us. So, we want to continue to capitalize on that. That’s why we’re very excited to see this new modernized version move forward without changing any of the positive benefits that we have under ag.”


According to Bacus, Korea has over the years become the second largest export market for the US and the US, under this agreement, has grown into the No. 1 source of beef for Korean consumers. In addition, this deal has essentially pushed our Australian competitors out of the market. Bacus says the US has witnessed an elimination of a 40 percent tariff under this deal, which has in effect give the US an 8 percent advantage over Australia. However, the relationship we have now wasn’t always as good says Bacus.


“Keep in mind, almost 10 years ago, there were 600,000 people in the streets of Seoul protesting the importation of US beef,” he said. “We’ve come a long way, so this is very exciting news.”


Listen to Bacus and Radio Oklahoma Ag Network Farm Director Ron Hays speak more about this new agreement as well as news of Japan’s recent commitment to begin crafting a bilateral deal with the US, 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.


   



   

Hear Bacus and Ron Hays speak more about this new agreement and more on today's Beef Buzz.
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Kim Anderson Says US Will See Wheat Prices Rise When Russia Runs Out of Wheat, on SUNUP!  Thu, 18 Oct 2018 20:06:23 CDT
  • OSU's Amy Hagerman Reassures Those with Farm Bill Anxiety, Says No Rush to Approve It... Yet  Thu, 18 Oct 2018 19:50:21 CDT
  • Oklahoma National Officer Candidate Ridge Hughbanks on the Road to the National FFA Convention  Thu, 18 Oct 2018 19:17:52 CDT
  • Oklahoma National Officer Candidate Ridge Hughbanks on the Road to the National FFA Convention  Thu, 18 Oct 2018 19:11:04 CDT
  • Dairy Farmers Invest in Technology Startup that Uses Real-Time Analytics to Improve Milk Quality  Thu, 18 Oct 2018 17:22:36 CDT
  • National Sorghum Producers Chair Dan Atkinson Names 2019 NSP Legislative Committee Members  Thu, 18 Oct 2018 17:16:43 CDT
  • Trump Administration Launches "Winning on Reducing Food Waste" Initiative  Thu, 18 Oct 2018 17:06:03 CDT
  • Thursday Market Wrap-Up with Justin Lewis  Thu, 18 Oct 2018 16:52:47 CDT

  • 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.