U.S. Ag Secretary Perdue’s Statement on U.S.-Mexico-Canada Trade Agreement
Agrimarketing – 10/2/2018
U.S. Secretary of Agriculture Sonny Perdue today issued the following statement regarding the announcement of a United States-Mexico-Canada Agreement (USMCA): “The great news of a new USMCA deal is important for our economy as a whole, including the agricultural sector, which counts Canada and Mexico in our top three trading partners. I have long said that I believe our country is located in the best neighborhood on Earth – North America – with valuable allies to our north and south. We have secured greater access to these vital markets and will maintain and improve the highly productive integrated agricultural relationship we have as nations.
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Wheat ‘Fix’ In New Trade Agreement Draws Praise
AgWeek – 10/1/2018
Two prominent U.S. wheat groups and both North Dakota U.S. senators say they’re pleased that a new trade agreement addresses what they say is unfair treatment of U.S. wheat by Canada. The new U.S.-Mexico-Canada Agreement, which would replace the existing North American Free Trade Agreement, or NAFTA, has an important provision for U.S. wheat growers, say the National Association of Wheat Growers and U.S. Wheat Associates, which promotes U.S. wheat exports around the world. The new agreement would provide “a fix to the Canadian grain grading system which automatically designates U.S. wheat as the lowest grade simply because it is foreign. This means U.S. farmers producing the highest quality wheat arbitrarily get less value for their crop,” the two wheat groups said in a joint written statement.
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Details on New NAFTA: USMCA
DTN The Progressive Farmer – 10/1/2018
U.S. farmers will have more certainty in Canada and Mexico with the rebranding of NAFTA, including potentially more dairy access in Canada and more equal treatment of wheat products shipped north as well. The deal, announced late Sunday by the Trump administration, will be called the “United States Mexico Canada Agreement,” replacing the North American Free Trade Agreement. President Donald Trump, speaking at the White House on Monday, touted the benefits of the trade deal for agriculture, saying, “The agreement will give our farmers and ranchers far greater access to sell American-grown produce in Mexico and Canada.”
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Plenty of Wins for U.S. Ag In New U.S.-Canada-Mexico Trade Deal
Agri-Pulse – 10/1/2018
U.S. farm groups are cheering the last-minute deal struck Sunday night to keep Canada in a newly renamed North American trade pact with the U.S. and Mexico. The U.S. agriculture sector is primarily relieved now that it looks like the virtually tariff-free trade pact between the three countries will remain whole, but there are plenty of provisions in the new deal for U.S. farmers and ranchers to celebrate. U.S. dairy, wheat and poultry farmers are expected to reap the most added benefits in the United States-Mexico-Canada Agreement (USMCA), formerly known as NAFTA.
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Wheat Yields Drop From 2017
AgriNews – 10/1/2018
“I” state and national average winter wheat yields were down from the previous year, according to the Sept. 28 USDA small grains summary. After last year’s record 76 bushels per acre, the Illinois winter wheat yield harvested this year is estimated at 66 bushels per acre. The Prairie State’s total production is estimated at 39.96 million bushels from 560,000 harvested acres, compared to 35.72 million bushels produced on 470,000 acres in 2017.
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Source: U.S. Wheat Associates