Washington | Reuters – United States President Donald Trump’s 2020 budget has proposed a 15 per cent cut for the U.S. Department of Agriculture, calling its subsidies to farmers “overly generous” at a time when farmers are going through the worst crisis in decades due to depressed commodity prices and trade tariffs. The president’s budget […] Read more
Tag Archives donald trump — page 14
USDA facing fund cuts
Trump proposes cuts as farmers grapple with their worst crisis in decades due in part to the tariff wars
U.S. agriculture secretary agrees with Canada in tariff dispute
Sonny Perdue admits the U.S. President has a different opinion
Canada has a friend in Washington. Sonny Perdue, the United States agriculture secretary, believes the American government should drop tariffs on steel and aluminum from Canada and Mexico as soon as possible. “We recognize from our industry and our sector, it’s in all of our best interests to see that it happens,” said Perdue, who […] Read more
Trump defends tough trade policies to farmers, vows fair deal with China
Speech was short on details as farmers struggle because of the trade war and government shutdown
New Orleans | Reuters – United States President Donald Trump defended his tough trade policies in front of thousands of farmers Jan. 14, a key constituency that has struggled because of his trade war with China. He promised fair trade deals that will put America’s rural heartland back on its feet. “We’ve taken the toughest […] Read more
Democrat-led House seen backing Trump’s China trade war
The Democrats are also expected to seek greater input into trade talks with allies
Reuters – The new Democrat majority in the U.S. House of Representatives is likely to back President Donald Trump’s trade war with China and could even egg him on, but will offer tougher scrutiny of his negotiations with allies, trade experts and lawmakers say. Trump has imposed tariffs on $250 billion of Chinese goods to […] Read more
Stalled farm bill could move fast after Democrat House win
Washington | Reuters – Congress may swiftly resolve a drawn-out impasse on the U.S. Farm Bill now that Democrats are poised to retake control of the legislative body, the top Democrat on the House Agriculture Committee said on Wednesday. Collin Peterson, ranking member and presumptive new chair of committee, said passing the crucial agricultural legislation was going […] Read more
China-U.S. trade dispute likely to drag on, affecting price
U.S. ethanol policy change could increase demand by two billion bushels
Ontario farmers have harvested 60 per cent of the soybeans and 25 per cent of the corn as of Oct. 21. American farmers have combined 49 per cent of the corn and 53 per cent of the soybeans. The seven- to 10-day forecast calls for seasonal temperatures with limited precipitation, which should allow producers to […] Read more
Trump’s trade war looms over divided U.S. farm belt ahead of vote
Reuters – Chuck Wirtz voted for Donald Trump in the 2016 election, inspired by the then-political outsider, but the veteran Iowa hog farmer now has buyer’s remorse as the U.S. Republican president’s trade policy exacts a heavy toll on his business. Wirtz, 56, estimates the tariffs resulting from the U.S. trade war with China and […] Read more
Hog industry worldwide getting slaughtered in trade war
Beijing/Chicago/Carambei | Reuters – Ken Maschhoff, chairman of the largest U.S. family-owned pork producer, has watched profits fall as trade tensions rise between the United States and China. His company, The Machhoffs, has halted U.S. projects worth up to $30 million and may move some operations overseas. Investing in domestic operations now would be “ludicrous” […] Read more
Opinion: Trade issues in spotlight as parliamentary session begins
Capital Letters: There's no shortage of uncertainty when it comes to global trade
As members of Parliament returned to Ottawa for the start of the fall sitting, trade is on everybody’s mind. Two of the world’s largest economies, the United States and China, are fighting an ongoing trade war and Canada finds itself caught in the middle. The U.S. is our largest trading partner. The connection between our […] Read more
Commodity prices, trade cloud equipment sales projections
The decline in the Canadian dollar makes imported equipment more expensive for farmers
At Farm Credit Canada, we project total tractor sales to increase 1.4 per cent in 2018 and decline 1.6 per cent in 2019. The outlook for combine and 4WD tractor sales is more pessimistic as sales are projected to normalize to levels below the 2013-17 average sales. Our projections embed a high level of uncertainty. […] Read more
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