Joseph Glauber, International Food Policy Research Institute
How Farm Aid Became a Fixture
By: The Washington Post - July 26, 2018The U.S. government has been spending directly on agricultural-support programs ever since the Great Depression. This week the Trump administration said it would extend up to $12 billion in emergency aid to farmers hurt by trade tariffs. That comes on top of about $21.5 billion the government is already expected to spend this year on existing farm-support programs, according to the Congressional Budget Office. Those existing programs are meant to shield farmers from crop-price downdrafts, help young farmers get started . . .
(Continued...)
Read more on: The Washington Post
Trump Blasts Fed, China and Europe for Putting U.S. Economy at a Disadvantage
By: The New York Times - July 20, 2018“Trade has been the one bright spot for farmers,” said Joseph W. Glauber, a senior research fellow at the International Food Policy Research Institute. “Until the tariffs were put on, farm exports have been near record highs in value.”
Sam Funk, RaboResearch Food & Agribusiness
Chad Hart, Iowa State University
China could bring more pain to US soybean farmers if Trump escalates the trade war
By: CNBC - July 24, 2018"You've already seen China express ways that they will probably get around soy," said Sam Funk, senior grain and oilseed analyst at Rabobank in St. Louis. The Chinese tariffs have already hit most lucrative sectors of agriculture, from grains and oilseeds to livestock and fresh produce. There have also been duties slapped on items such as dairy, nuts and wine. "Another tariff would mean another step down in price for soybeans, which will definitely put harvest prices below production costs for many producers across the country," said Chad Hart, an agricultural economist at Iowa State University in Ames.
(Continued...)
Read more on: CNBC
Wallace Tyner, Purdue University
US is a closed economy so trade isn't that important: economist
By: Yahoo Finance - July 31, 2018Industries like auto have also been at the center of the tit-for-tat trade war. China, for example, levied 25% tariffs on U.S. soybeans starting in July. “The government who is doing the retaliation tries to retaliate on things that are gonna hurt the other country the most, not economically, but politically,” said Wallace Tyner, professor of Agricultural Economics at Purdue University. “What [can] hurt the president mostly is rural areas, where his base is.”
(Continued...)
Read more on the topic on: Yahoo Finance
Mike Doherty, Illinois Farm Bureau
Illinois farmers welcome $12 billion in aid, but prefer trade: 'There’s no magic crop out there'
By: Chicago Tribune - July 25, 2018
Since Memorial Day, soybean futures prices have plummeted about 20 percent, reaching the lowest point in almost a decade. Though prices have since rebounded some, they remain lower than usual, said Mike Doherty, senior economist with the Illinois Farm Bureau. Prices jumped Tuesday after news broke of Trump’s aid package for farmers.Illinois is more dependent on global trade than surrounding Midwestern states, Doherty said. Pork and corn exports also are at risk, given the looming uncertainty over a renegotiated North American Free Trade Agreement, he said.
(Continued...)
Read more on: Chicago Tribune
Ian Sheldon, The Ohio State University
The Impact the Trade Disputes are Having on Farmers and the $12 Billion Emergency Aid Package
By: Originally aired on Sirius XM - July 27, 2018Professor Ian Sheldon’s latest radio interview on trade tariffs with Knowledge @ Wharton. Originally aired on Sirius XM Channel 111, Business Radio Powered by The Wharton School.
(Continued...)
Read more on: Originally aired on Sirius XM
Amanda M. Countryman, Colorado State University
Trump Attempts To Blunt Tariff Impact On U.S. Farmers
By: National Public Radio - July 25, 2018AMANDA COUNTRYMAN: It's a big mess. I did say that. You can use that as a quote. HONIG: That's Amanda Countryman, an agricultural economist at Colorado State University who specializes in international trade and policy. COUNTRYMAN: So, yes, it is ironic. We're implementing policy to correct for a response to a policy we implemented in the first place that is protectionist.
(Continued...)
Read more on: National Public Radio
Chad Hart, Iowa State University
Art Barnaby, Kansas State University
Farmers fear $12 billion aid package a sign of extended trade war
By: United Press International - July 27, 2018
"You don't create an aid package like this if you don't think the damage is already done and not easily reversed," said Chad Hart, an economist with Iowa State University. "This is definitely an indication that the administration sees the tariffs playing out through 2018."
"The Chinese are very smart," said Art Barnaby, a professor of agricultural economics at Kansas State University. "They returned with tariffs that impact the very people who voted for Trump, people in the rural Midwest."
(Continued...)
Read more on: United Press International
Joshua D. Woodard, Cornell University
New Study: Farmers Will Buy Less Crop Insurance If It Costs More
By: Crop Insurance - July 25, 2018Crop insurance “would likely respond fairly abruptly to large cuts,” explained Dr. Josh Woodard, an associate professor at Cornell University, whose work was recently published in the Journal of Risk and Insurance. Woodard observed that crop insurance demand is clearly responsive to price, as proven by the uptick in participation following Congressional actions over the years to provide premium support instead of ad hoc disaster payments. A similar decrease in participation would naturally occur if coverage costs more, he explained.
(Continued...)
Read more on: Crop Insurance
Brandon McFadden, University of Delaware
USDA slams EU’s decision on regulating gene-edited products
By: The Packer - July 30, 2018“This ruling is short-sighted and will affect investment in breeding innovation,” said Brandon McFadden, former University of Florida professor who was working on the project. “The ruling seeks to apply the precautionary principle to breeding techniques, which if applied to all production inputs would result in producers still using walking plows. “Moreover, this ruling will impact both conventional and organic producers because it is not limited to gene-edited crops. Mutagenesis is also now considered a GMO,” said McFadden, who joins the University of Delaware as a professor Aug. 1.
(Continued...)
Read more on: The Packer
Art Barnaby, Kansas State University
Questions far outnumber answers in USDA’s tariff relief plans
By: KTIC - July 30, 2018
“The (USDA) said in their announcement that they are going to ask for producer input into these decisions, which means it’s going to come through the commodity groups,” Barnaby said. “So if you’re a member of the wheat growers (association), you will want to talk to your representatives about how some of these decisions are going to be made.”
Questions about one decision lead to numerous follow-up questions, he added, showing just how tricky designing these relief programs will be. |
If you would like to improve your scientific communications and media skills, attend the Post-conference Workshop on Science Communications and Media Engagement. It is Wednesday, August 8 morning, and costs just $25. Make this important event a part of your meeting schedule this year.
Know another AAEA Member who has made statewide, national, or international news?
Send a link of the article to salvarado@aaea.org
What research and topics are you working on? Want to be an expert source for journalists working on a story? Contact Allison Scheetz at ascheetz@aaea.org.
|
No comments:
Post a Comment