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The majority of respondents in the March Ag Economists’ Monthly Monitor agree the U.S. is currently in a trade war, but who wins? Ag economists say it’s not the U.S., Canada or Mexico but rather Brazil that could come out on top.
Look for the sensitive areas in your fields now, advises Steve Pitstick, who farms 50 miles west of the Chicago suburbs. Be proactive and be informed, he adds, so making product use adjustments won’t be a huge lift this season.
Dan Jacobi, Chairman of the Board of Directors of Benson Hill, said the company’s fate is the result of industry challenges and financial constraints.
USDA Secretary Brooke Rollins says the agency is hyper-focused on poultry, but no vaccine is yet available. The agency has ‘separate work streams’ to address the virus in the ‘cattle and dairy’ industries, but dairy is not part of USDA’s primary focus for now.
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Tariff whiplash is consuming the commodity markets — and the possible impact is stirring up quite the debate. At present, President Trump says he’s sticking to his plan to impose additional tariffs on Canada, Mexico and China starting April 2.