AFBF Economist says don’t overlook positive trade news
November 18, 2019 By Julie Harker Filed Under: 2019 Events, 2019 NAFB Convention, News
The American Farm Bureau Economist says it’s important farmers
not overlook the positive international trade news out there. Brownfield interviewed
Veronica Nigh at the NAFB convention in Kansas City.
“It gets a bit lost about how big of a deal the Japan deal
is going to be. That’s a positive news story, making up some ground that we are
actually losing to other competitors.”
Nigh says it’s good news that China said it’s considering
lifting non-tariff barriers on U.S. poultry, essentially creating a new market.
“We’ve been out of China for over a decade because of
high-path Avian Influenza and as they’re looking at diversifying their protein
sources – both on the pork side looking at imports from other sources around
the world but also looking at trying to grow demand for poultry – that’s a big
Nigh says the constant back and forth with the U.S. and China, the ups and downs, are a normal part of trade deal negotiations and farmers shouldn’t lose heart.
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