In the Press
Ian Sheldon, an agricultural economist at Ohio State, notes that $40 billion in ag exports by the end of the year represents a major jump for U.S. output. “If China meets those commitments, that is a significant increase in our exports to China,” he says. “Our exports have never been above $29 billion, before the trade they were around about $24 billion, so we’re talking about almost a doubling of our exports in a one- to two-year period.”
The deal will reportedly will not lift U.S. tariffs on $250 billion dollars worth of Chinese imports. Ian Sheldon, the Andersons Chair of Agricultural Marketing, Trade and Policy at the Ohio State University, said regional farmers could still feel financial pain.
In 2019, the farm belt felt about as hospitable as the asteroid belt. Record rainfall turned fields to sludge and made it nigh-on impossible to plant corn and soybeans until long after the typical window had passed. President Trump’s long-running trade war cut off farmers’ access to China’s enormous market. Across the farm sector, commodity prices remained in the doldrums.
Ohio’s corn, soybean and wheat producers gathered in Columbus this week for the 2019 Ohio Grain Farmers Symposium. Guests heard from Director Dorothy Pelanda, Ohio Department of Agriculture, and Cathann Kress, Dean of the College of Food, Agriculture and Environmental Sciences at The Ohio State University.
Ohio State Economics Professor and agriculture expert Dr. Ian Sheldon questions why there's no mention of subsidies in the agreement. He says there's some good in the deal, but points to the fact that all the tariffs implemented in 2018 on $250 billion dollars of Chinese goods will remain unchanged.
New production numbers arrive from USDA. Environment where there is not much change until we see South American production in the next few months, in February.
The USDA has issued additional money to farmers around the country who weren’t able to plant anything this spring. After Ohio suffered its worst weather prevented planting season on record, the additional 10 or 15% in crop insurance payouts is likely welcome news for many.
Federal trade assistance payments are a key reason net farm income is projected to inch higher in 2019. But just how tough are times for farmers, really?
This is the time of year farmers plan for the upcoming season. With the trade impasse with China continuing farmers are set to receive payments...
“Farmers have got caught in the crossfire of a bigger issue, which is Chinese behavior on things like intellectual property and subsidies and they’re paying a big price I think for the US trying to resolve issues with China, when I think we should have done it multi-laterally, and I still think and believe we should,” says Ohio State Professor Dr. Ian Sheldon.