In this file:

 

         NPPC Statement on Planned Trade Relief Package

         U.S. Planning to Support Farmers Amid China Trade Spat -Agriculture Secretary

 

 

NPPC Statement on Planned Trade Relief Package

 

Source: National Pork Producers Council (NPPC)

May 10, 2019

 

WASHINGTON, D.C., May 10, 2019 The Trump administration today indicated it is planning a trade relief package in response to the U.S. trade dispute with China. The following statement may be attributed to David Herring, a pork producer from Lillington, North Carolina and president of the National Pork Producers Council:

 

"U.S. pork has suffered from a disproportionate share of retaliation due to trade disputes with Mexico and China. This retaliation turned last year which analysts had forecast to be profitable into a very unprofitable time for U.S. pork producers. The financial pain continues; the 20% punitive tariff on pork exported to Mexico alone amounts to a whopping $12 loss per animal.

 

"While there is no substitute for resolving these trade disputes and getting back to normal trade, NPPC welcomes the offer of assistance from President Trump. We stand ready to work with the USDA to facilitate U.S. pork exports as food aid to a number of nations. This assistance should not cannibalize commercial trade. Rather, it should help people in need who otherwise would not have access to this high-quality U.S. protein.

 

"Pork producers have been innocent bystanders in these trade disputes. Unlike most of the population, they have suffered severe economic dislocations as a result of trade disputes.  It is fair and right that the U.S. government purchase significant quantities of pork over the next 18 months to ship as food aid to help ease the financial burden placed on producers."

 

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NPPC is the global voice for the U.S. pork industry, protecting the livelihoods of America's 60,000 pork producers, who abide by ethical principles in caring for their animals, in protecting the environment and public health and in providing safe, wholesome, nutritious pork products to consumers worldwide. For more information, visit www.nppc.org.

 

 

U.S. Planning to Support Farmers Amid China Trade Spat -Agriculture Secretary

 

By Tom Polansek, P.J. Huffstutter and Humeyra Pamuk, Reuters

via Successful Farming/Agriculture.com - 5/10/2019

 

CHICAGO/WASHINGTON, May 10 (Reuters) - U.S. Agriculture Secretary Sonny Perdue said on Friday that President Donald Trump had asked him to create a plan to help American farmers cope with the heavy impact of the U.S.-China trade war on agriculture.

 

A new aid program would be the second round of assistance for farmers, after the Department of Agriculture's $12 billion plan last year to compensate for lower prices for farm goods and lost sales stemming from trade disputes with China and other nations.

 

"While China may backtrack, @POTUS is steadfast in his support for U.S. farmers and directed @USDA to work on a plan quickly," Perdue said on Twitter on Friday.

 

The latest round of trade talks between Washington and Beijing ended on Friday after 90 minutes, the same day increased tariffs on Chinese goods went into effect. Trump said talks would continue but there was "no rush" to reach a deal.

 

The toll on U.S. agriculture has been heavy, in a sector that has largely been supportive of Trump. Soybeans are the most valuable U.S. farm export, and shipments to China dropped to a 16-year low in 2018, while soybean futures prices fell this week to 11-year lows - and once again closed down on Friday.

 

"I think he's finally realized that the Chinese tariffs have put a real strain on the countryside, and that if more tariffs are put on, the strain is going to get even worse," said Tom Vilsack, who was USDA secretary under Democratic then-President Barack Obama.

 

A USDA spokeswoman declined to give further details on the plan.

 

The American Farm Bureau Federation said it was too soon to throw its support behind the potential program, as did the American Soybean Association. But U.S. hog farmers were quick to support the idea of additional government purchases.

 

"It is fair and right that the U.S. government purchase significant quantities of pork over the next 18 months to ship as food aid to help ease the financial burden placed on producers," said David Herring, a pork producer from Lillington, North Carolina, and president of the National Pork Producers Council.

 

Trump on Twitter erroneously wrote that China would pay the tariffs. However, it is the importer - usually U.S. companies or the U.S.-registered units of foreign companies - that shoulder the costs...

 

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https://www.agriculture.com/markets/newswire/update-1-us-planning-to-support-farmers-amid-china-trade-spat-agriculture-secretary