Perdue Testifies On State of Rural Economy

February 28, 2019 12:57 PM
 
 

A handful of President Trump's key cabinet officials testifying in what was a busy day on Capitol Hill answering questions on tariffs, trade and farm income.

USDA Ag. Secretary Sonny Perdue testified to the House Ag Committee on the state of the rural economy. Perdue recognized the state of the rural economy.

“It’s tough out there,” said Perdue.

Yet, he expects more profits in 2019 due to the potential trade deals and the new farm bill.

“Our economists are projecting net farm income of $77.6 billion,” said Perdue. “That is an increase of last year, not including the market facilitation program [but] it remains to be seen.”

Lawmakers are also asking the ag secretary for answers to trade and tariffs.

One representative asked the status on the potential USMCA deal between the United States, Mexico and Canada which still needs to be ratified. A question on when 232 tariffs (which are on steel and aluminum) will be lifted on those countries.

AgDay has the story.

Back to news


Comments

 
Spell Check

SANDRA BERRY
STRATTON, CO
3/5/2019 10:38 AM
 

  Why is it always the farmers that have to be the "good citizens" to bear the brunt of these trade deals - soldier on hope we can stay in business until this is done

 
 
Anthony Young
Kuttawa , KY
2/28/2019 05:33 PM
 

  The competition in the beef sector won’t be level until imported beef is labeled with it’s Country Of Origin Label!!!

 
 
Gary Gollehon
brady, MT
2/28/2019 05:19 PM
 

  We are down about a buck a bushel on winter wheat since July, but thank goodness we were compensated 14 cents since the tariffs. That will really pay the bills!

 
 

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close