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March 19, 2020
A five-minute summary of AAI, regulation, and industry activities for members of the largest state agribusiness association in the nation.
  • The USDA is letting people know there is plenty of food in the supply chain
  • The coronavirus is slowing trade and stopping talks, and the U.S. is looking at more ways to help support food security
  • COVID-19 is pushing back pesticide applicator testing and final approval for a North American trade deal
  • A packers proposed rule is out and causing controversy while COVID-19 concerns moves CME Group live trading to electronic

Watch episodes from the past week anytime online!

With Great Britain (UK) making its “Brexit” at the end of the year, the door is open to trade possibilities with both the UK and the European Union (EU). The Trump Administration has made agreements with both a top priority for 2020. The Administration is willing to levy tariffs on the EU as early as the 14th of this month to bring them to the table. The practice of tariffs is not a new tactic for the Administration; they used them to get trade deals with China, Mexico, and Canada.

One of the major sticking points with the European Union has been over the topic of agriculture. The EU had made numerous statements that they were not willing to negotiate and changes to agricultural trade in a new agreement, and why would they? The European Union currently enjoys a surplus of agricultural exports to the United States to the tune of $12 billion.

U.S. agriculture has a great responsibility on its shoulders – to keep food on the tables of U.S. consumers despite challenges along the way. From uncertain markets to fuel shortages, National Pork Producers Council (NPPC) President-Elect Jen Sorenson says agriculture always finds a way through.

Still, the situations facing production agriculture now in light of the coronavirus (COVID-19) epidemic are weighing heavy on the minds of farmers and ranchers. Sorenson says the severe labor shortage keeps her up at night.

U.S. corn, soybean and wheat futures rallied on Thursday, supported by technical buying and hopes for a pick-up in export demand as recent price declines made U.S. supplies more attractive to overseas buyers.

Corn was bouncing off the near 3-1/2-year low it hit on Wednesday after a rout in the energy market slashed demand for the yellow grain at ethanol producers.

Traders said there was talk that recent price declines had sparked demand for a range of commodities from China but there were no confirmations of any deals.

"There is some Chinese interest for U.S. products," said Brian Hoops, president of Midwest Market Solutions. "Those are all rumors we've been hearing that's fueling some of the rally. It is really just short-covering because of speculation that China's going to end up buying some product."

The Iowa Pork Producers Association and the Iowa Farm Bureau Federation have each committed a gift of $1 million to help enhance the animal health, food safety, public health and competitiveness of Iowa's animal agricultural industries.

The commitment will support the new Veterinary Diagnostic Laboratory building project at Iowa State University. The laboratory is the only full-service and fully accredited veterinary diagnostic lab in Iowa and has been a state and national leader in protecting animal and human health since it was established in 1947. Processing more than 90,000 submissions a year – and more than a million tests in total – the laboratory plays a key role in ensuring animal health, including wildlife and companion animals; public health; world food safety; and the competitiveness of Iowa’s $32 billion animal agricultural industry.


Cedar Rapids - KCRG
Des Moines - WHO-TV
Ottumwa - KYOU-TV

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