Beef Buzz News
NCBA's Kent Bacus Optimistic 2020 Will Be A Good Year For U.S. Beef Exports
Wed, 12 Aug 2020 09:18:55 CDT
Kent Bacus, director of international trade and market access for the National Cattlemen's Beef Association, remains optimistic U.S. beef exports will be strong in 2020 and beyond. On today's Beef Buzz he talks with Radio Oklahoma Ag Network Farm Director Ron Hays about the growing market optimism due primarily to improved trade policy.
Ron Hays Beef Buzzes With Kent Bacus
Building into 2019 we had seen tremendous growth with massive demand from the Asian markets, Bacus said. It was the second year the U.S. had $8 billion in sales despite all the trade obstacles.
Beginning 2020 we had all the great things like trade agreements with Japan and China ready to go, then COVID-19 hit.
I do think If we can continue to capitalize on the foreign markets 2020 will be okay, Bacus said.
Specifically, with Japan, we were behind our competitors on tariff levels.
We were stuck at 38.5 percent and our competitors were at 26 percent headed down to 9 percent, he said. We encouraged the administration to work quickly to get a better deal signed, Bacus said.
That's a $2 billion market for us and now we have high quality U.S. beef on the same level playing field with other countries where the quality is less, he said. The U.S. is the only country that can consistently provide that quality all year.
I think that market is going to be very good for us, Bacus said.
Also, S. Korea is almost a $2 billion market and trade policy has removed trade barriers.
There's a strong demand in Korea and that's just another example of where trade policy can remove barriers and give us a level playing field, Bacus said.
When you put us head to head, we're going to come out on top, Bacus said.
Click on the LISTEN BAR below to hear more comments from NCBA's Kent Bacus.
The Beef buzz is a regular feature heard on radio stations around the region on the Radio Oklahoma Network and is a regular audio feature found on this website as well. Click on the LISTEN BAR below for today's show and check out our archives for older Beef Buzz shows covering the gamut of the beef cattle industry today.
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