Trade
“It would be a lost opportunity if we just sit on the sidelines and watch other countries engage while the playing field continues to tilt against us,” said Rep. Smith (R-Neb.).
ASA CEO: Renewable Diesel Could Drive a New Era for Soybean Demand, But EPA Needs to Rethink the RFS
ASA policy priorities during Commodity Classic focus on everything from the Farm Bill to EPA’s recent Renewable Fuels Standard (RFS) proposal, while also pushing for increased market access through trade.
Russia badly needs to replace expended and outdated Soviet arms while China needs Russian energy. That is compelling math. This is bad news not just for the heroic people of Ukraine, but Europe and the US.
By requesting consultations, the U.S. Trade Representative began a process to come to a settlement on ag biotechnology imports to Mexico. If a settlement is not reached, the issue will move to a full-blown trade dispute.
“When Ukraine fails, in terms of their ability to produce agricultural products, the world becomes less safe,” says Howard Buffett, global philanthropist and Illinois farmer.
Russia is now saying it will only extend its Black Sea grain deal if sanctions are lifted on its own agricultural products. The deal, which was brokered last year, allowed for safe passage of Ukrainian ag products.
Morocco is sitting on 75-85% of proven global phosphate reserves, but projections of phosphate depletion span from 50 to 300 years. John Phipps explains why the concerns about peak phosphate production may be overblown.
Mexico is accusing the U.S. of playing politics over the GMO corn issue, but NCGA CEO Neil Caskey says if Mexico wants non-GMO, they’ll need to pay a premium for it instead of violating a trade pact already in place.
“In this current situation, the traditional approach to free trade agreements — which isn’t just tariff cuts, but that they do tariff cuts on a fully comprehensive basis — isn’t what we need right now,” Tai says.
A year ago, Russia’s invasion of Ukraine injected uncertainty about global grain supplies into the market. Today, initial concerns have been squashed by the reality of record exports from the Black Sea Region.