Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
   
   
   
   
   
   
   

Agricultural News


Wheat Industry Groups Pleased with Trade Deal Announced by US and Japan at G7 in France

Mon, 26 Aug 2019 04:01:48 CDT

Wheat Industry Groups Pleased with Trade Deal Announced by US and Japan at G7 in France Yesterday, President Trump announced a trade agreement in principle between the United States and Japan that will keep exports of U.S. wheat flowing to a very large and crucial market for U.S. farmers.

“We are very happy that this agreement will end the growing competitive cost advantage that Canadian and Australian wheat imports got under the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) agreement,” said U.S. Wheat Associates (USW) Chairman and Paulding, Ohio, farmer Doug Goyings. “We want to say thank you to the negotiators at the U.S. Trade Representative office and at the USDA trade and foreign affairs office for working so hard to prevent more export losses for farmers like me.”

“We applaud the Administration for completing this much needed trade deal with Japan,” stated National Association of Wheat Growers (NAWG) President and Lavon, Tex., farmer Ben Scholz. “This is a huge win for those of us who grow wheat and all U.S. farmers and ranchers.”

“Chief Agricultural Negotiator Gregg Doud and USDA Under Secretary Ted McKinney deserve special recognition for their efforts,” said USW President Vince Peterson. “They immediately understood what was at stake for wheat farmers without a trade deal and made this outcome a priority. We also thank government officials and our flour miller customers in Japan for their forward-thinking approach to the situation.”

U.S. wheat farmers in partnership with USDA’s Foreign Agricultural Service have helped build a strong demand among Japan’s flour millers for several classes of U.S. wheat grown in the Pacific Northwest to the Northern and Central Plains.

However, when the CPTPP was implemented Dec. 30, 2018, without the United States, the effective tariffs on imported Canadian and Australian wheat started to decline. Locked out of the agreement, U.S. wheat imports would have become less and less cost competitive to the point that Japan’s flour millers would have no other choice than to buy the lower cost wheat from the CPTPP member countries.

The new agreement helps protect U.S. exports that represents about 50 percent of the sophisticated and demanding Japanese wheat market, with average annual sales of about 3 million metric tons that are currently worth about $700 million per year.

USW and NAWG believe that resolving such trade issues can again lift the rural economy by opening new markets for our wheat and other agricultural exports and increasing access in existing markets. The organizations would now welcome new trade negotiations such as with countries in the rapidly growing Southeast Asian and South American regions.


Source- US Wheat Associates



   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Oklahoma Grain Elevator Cash Bids as of 2 p.m. Thursday, September 23, 2021  Thu, 23 Sep 2021 15:27:06 CDT
  • NAWG Testifies on Carbon Markets Before the House Agriculture Committee   Thu, 23 Sep 2021 15:23:42 CDT
  • Thursday, September 23, 2021, Market Wrap-Up with Justin Lewis  Thu, 23 Sep 2021 15:20:54 CDT
  • The OSU Mum Sale Begins With Tips for Front Porch Decor  Thu, 23 Sep 2021 15:06:43 CDT
  • Shaky Chinese Economy Sends Ripples Through Crop Markets, Among Others  Thu, 23 Sep 2021 14:55:39 CDT
  • Oklahoma Drought Conditions Jump According to Latest Drought Monitor Report  Thu, 23 Sep 2021 14:06:10 CDT
  • Safeguard Wildlife from Aflatoxins in Grain  Thu, 23 Sep 2021 13:34:04 CDT
  • NFU Announces Campaign to Fight Monopolies in Agriculture  Thu, 23 Sep 2021 13:10:50 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma Beef council Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment Tulsa Farm Show Union Mutual Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.

       
       

    Search OklahomaFarmReport.com

    © 2008-2021 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.