Archives

When It Comes to Trade, Lucky It’s an Election Year

      After the White House announced its twin trade triumphs, passage of NAFTA 2.0 and phase one of a multi-phase deal with China, readers emailed to suggest I should write a column on—to quote two—the “absolutely amazing trade deals” “only President Trump” could have done.

      Before I pass judgment on so humble a request, it […]

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What We Know

The best way to begin a new year without feeling overwhelmed by what we don’t know is to start with what we do know.

      For example, we know the U.S. Department of Agriculture’s (USDA) December World Agriculture Supply and Demand Estimate shows that about 14 percent, or one in seven bushels (bu.), of the 2019 […]

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“It’s Going to be a Long Winter”

Mother Nature turned a colorful, late fall into a bitterly cold, early winter as if to prove—after a planting, growing, and harvest season marked by floods, drought, and mud—that she’s still in charge and still not happy.

      Not happy about what? No one can say but almost every American from Montana’s Western Slope to Maryland’s […]

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Doing Your Civic Duty. Or not.

      Look out, rural America, Congress is headed your way during its annual month-long break in August and its members want to talk trade, trade, and trade.

      They don’t, however, want to talk about America’s flagging 2019 ag exports or the still-in-place, retaliatory tariffs that are clipping U.S. exports.

      No, rural America’s almost entirely Republican […]

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Forecast for Trump Trade Talks: More Snow, Maybe Ice

      If what we’re seeing now is the Trump trade “strategy”—cram trade talks between the U.S. and China, the U.S. and Japan, and the U.S. and European Union (E.U.) into an ever-tightening window—export-dependent American farmers and ranchers are in serious trouble for several reasons.

      The first reason is the relentless calendar. Trade talks require years […]

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Sonny Warned ‘Em–Twice, In Fact

It’s Thanksgiving week, so let’s be generous: The White House trade policy, marked by its heavy use of import tariffs and presidential tweets, continues to confound economists and trading partners alike.
A more accurate, less generous view of President Donald J. Trump’s trade policy would declare it an unhinged mess that has led to a dark, […]

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The Road to Perdition Always Leads South

If war is hell, then trade wars must be a purgatorial stop along the way. For proof, just look where Election Day 2018 finds American farmers.
Faced with ample production, stale commodity prices, and the lowest forecasted national farm income since 2002, U.S. farmers are now waiting for a winter of government “tariff mitigation” payments while […]

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High Stakes and Bad Bets

On Oct. 1, U.S. farmers and ranchers joined President Donald J. Trump to praise one of his Administration’s biggest international achievements, a reworked trade deal between the U.S., Mexico, and Canada.
Ironically, however, Oct. 1 also brought a massive domestic failure: the expiration of the 2014 Farm Bill. The president and his revelers, however, never mentioned […]

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Sometimes You Get What You Vote For

Farmers and ranchers spent most of last month hoping the U.S. Department of Agriculture’s (USDA) recent crop estimates would be proven wrong and President Donald J. Trump’s “plan” to fix “the world’s worst trade deals ever” would be proven right.
September, however, disappointed them on both counts.
On Sept. 12, USDA reported that the already big 2018 […]

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The Carrot, The Stick, and You

The Trump Administration’s good cop/bad cop approach to U.S. trade policy was on full display Aug. 27 when President Donald J. Trump, the bad cop that day, announced a very incomplete NAFTA trade deal—fueled by his heavy use of tariffs—that pointedly excluded Canada.
(NAFTA, or Nafta, is the North American Free Trade Agreement now under renegotiation […]

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