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


USMCA Clears the Way to Fire Up Ag’s Economic Engine

Thu, 16 Jan 2020 13:01:40 CST

USMCA Clears the Way to Fire Up Ag’s Economic Engine America’s farmers and ranchers received a second round of good news this week with Senate approval of the United States-Mexico-Canada Agreement (USMCA). At a time when farmers continue to face strong economic headwinds, the agreement is expected to increase U.S. agriculture exports by $2 billion.

“This trade agreement comes at a critical time for farmers and ranchers, increasing optimism that we’ll turn the corner in 2020,” said American Farm Bureau President Zippy Duvall. “USMCA is an important step toward restoring the competitiveness of America’s farmers and ranchers, strengthening our trade relationships in North America and setting an example for agreements with other important trading partners.”

The USMCA is expected to result in a $65 billion increase in gross domestic product. Canada will increase quotas on U.S. dairy products, benefitting American dairy farmers by $242 million. Canada will also treat wheat imports the same as domestic wheat for grading and pricing.

“We commend President Trump, the House and the Senate for working together in a bipartisan manner to enhance these important trade relationships and help jumpstart our ag economy,” Duvall added. “Their leadership shows a dedication to protecting the livelihood of millions of Americans on the farm and throughout the food system.”

President Trump is expected to sign the USMCA soon, the final step to enacting the agreement.

The USMCA vote comes just one day after the United States signed a new trade agreement with China, which promises to increase agricultural exports overseas by tens of billions of dollars.

Duvall said, “USMCA, the China trade agreement, the recently enacted U.S.-Japan Trade Agreement, and the U.S.-South Korea Rice Agreement are moving us toward rebalancing the scales of international trade. It is important this trend continues as the U.S. negotiates agreements with other international trading partners. We’re making great strides in giving farmers and ranchers fair access to the global market again.”

Additional trade agreements worthy of attention include the U.S.-European Union negotiations, as well as an agreement with the United Kingdom as it leaves the European Union.


   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Monday, June 1, 2020 Market Wrap-Up with Justin Lewis  Mon, 01 Jun 2020 16:25:57 CDT
  • Corn Planting Mostly Complete As Combines Roll Across Texas And Oklahoma Wheat Fields  Mon, 01 Jun 2020 16:17:50 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Monday, June 1  Mon, 01 Jun 2020 15:20:49 CDT
  • Oklahoma Wheat Harvest Begins Across Southern and Central Oklahoma All at the Same Time  Mon, 01 Jun 2020 15:19:42 CDT
  • Farmers Can’t Count on Exports. We Must Count on Ethanol, Says ACGF Chairman  Mon, 01 Jun 2020 13:58:50 CDT
  • OCA Webinar on the COOP Model for Beef Packing and Processing--Register Now   Mon, 01 Jun 2020 13:55:59 CDT
  • Registration is Open for the 68th Annual Oklahoma Cattlemen’s Association Convention and Trade Show  Mon, 01 Jun 2020 12:51:49 CDT
  • USDA Launches 2020 Feds Feed Families Nationwide Food Drive  Mon, 01 Jun 2020 12:50:09 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma City Farm Show KIS FUTURES, INC. Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment AFR Insurance Stillwater Milling Oklahoma Cattlemen's Association

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA TPAOO TPAOO

    Search OklahomaFarmReport.com


       
       
    © 2008-2020 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.