Perdue: Farm Economy is Fragile

February 7, 2018 04:37 PM

Agriculture Secretary Sonny Perdue is telling a congressional hearing this week the farm economy is in a fragile state. During his testimony to the House Agriculture Committee, Perdue laid out his perspective on the state of the ag industry, including major issues and unknowns lingering on the horizon. Chinese leaders are doing the same in the sorghum market.

During the hearing, Perdue highlighted China launching an anti-dumping probe of U.S. sorghum and its impact on farm country.

“We think the sorghum issue will nullify over a period of time,” said Perdue. “It just shows how fragile and how sensitive the ag economy and commodity prices are now.”

He also gave an update on the North American Free Trade Agreement (NAFTA) and its progress. Perdue says he’s “more hopeful than he has been” in the past.

“We [have] the Mexican elections coming up,” said Perdue. “We have one more round which I believe, in my opinion, will be extended. When we get the Mexican politics out of the way, I think we’ll have a deal by the end of the year.”

AgDay national reporter Betsy Jibben reports on the highlights of the state of the ag economy hearing.

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Spell Check

bad axe, MI
2/8/2018 09:11 PM

  No s_it Sonny, just expand the credit market to maybe 140 trillion, make it twice as big as it is now and it will make everyone's problems go away . We can be Dorothy and Toto with the Ruby Red Slippers going to see the Wizard of Donald.


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