KORUS

South Korea is the largest value market for U.S. beef exports, and it's on pace to possibly reach $3 billion this year.  In an effort to combat rising prices, Korea  created a duty-free quota for American beef.  Erin Borror, Vice President for Economic Analysis at the U.S. Meat Export Fede...

Many in farming community are wondering what the future holds under a Joe Biden Administration, especially when it comes to trade. Randy Russell, former USDA Undersecretary, is currently the President of the Russell Group in Arlington, VA ...

Ag Secretary Sonny Perdue remains optimistic about the farm economy, despite the impact of the spreading coronavirus on the world economy. Perdue is trying to put the best face forward on the grim news about coronavirus. Despite the spread of the disease and economic impacts, the Secretary said he’s hopeful about the demand prospects for U.S. Ag ...

The past couple of months have been very busy for the agriculture community on the federal level.  First Congress allowed the 2014 Farm Bill to elapse without passing a new Farm Bill.  Meaning the Ag community is now several days without a current Farm Bill.  Michell...

It was an exciting week for U.S. Agriculture.  On Sunday, Canada announced it was entering in a trilateral trade agreement with the U.S. and Mexico.  The updated NAFTA is now known as the USMCA.  Dan Newhouse said the announcement of the trade agreement is great news for Washington producers that ship so many goods to both countries.   “I ap...

The new KORUS agreement offers a sigh of relief for U.S. beef and pork.  The U.S. Meat Export Federation said the market access terms secured in the original KORUS not only helped increase U.S. red meat's market share in South Korea, but also bolstered consumption by making U.S. beef a...

South Korea and China appear to be making trade concessions in the face of stiff steel tariff threats by the United States.   But, what about Japan?   South Korea’s agreed to cut steel sales to the U.S. and let in more U.S. autos in a r...

Agriculture was ‘left out’ of the U.S.-Korea Free Trade Agreement renegotiation effort, a relief to the sector.  For many in agriculture, there was more to lose than gain in the renegotiation effort.  The U.S. is the largest supplier of bee...

CoBank Reports that four of five top destinations for U.S. beef are at risk of trade disruption.  According to a new report from CoBank’s Knowledge Exchange Division, while the U.S. beef industry is well positioned to capitalize on a growing global middle class and an improving economy, trade uncertainty could hamper the U.S.’s abili...

USDA Under Secretary for Trade and Foreign Affairs, Ted McKinney, addressed the delegates and members of the U.S. Grains Council early this week. He gave them updates on ongoing trade negotiations that will affect global grains market access...