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349 - Addressing American Agriculture's Trade Imbalance

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Manage episode 422842164 series 2542152
Content provided by The Business of Agriculture Podcast and Damian Mason. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Business of Agriculture Podcast and Damian Mason or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

For six decades, American Agriculture ran a trade surplus — meaning, we sold more dollars worth of Ag products to other countries than we bought. That’s changed. American Ag has run a trade deficit (bought more than we sold) four of the last six years. A record trade imbalance of $32 Billion is projected for 2024. Why is American Agriculture at a trade imbalance? Hint: Low corn and soybean prices combined with Americans' love of coffee, sugar, tequila, and avocados is part of the problem. John Newton, Chief Economist for the U.S. Senate Committee on Agriculture, Nutrition, and Forestry talks trade with Damian Mason!

The Business of Agriculture Podcast with Damian Mason is Sponsored by: Pattern Ag pattern.ag Redox Bio-Nutrients redoxgrows.com Truterra truterraag.com

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353 episodes

Artwork
iconShare
 
Manage episode 422842164 series 2542152
Content provided by The Business of Agriculture Podcast and Damian Mason. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Business of Agriculture Podcast and Damian Mason or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

For six decades, American Agriculture ran a trade surplus — meaning, we sold more dollars worth of Ag products to other countries than we bought. That’s changed. American Ag has run a trade deficit (bought more than we sold) four of the last six years. A record trade imbalance of $32 Billion is projected for 2024. Why is American Agriculture at a trade imbalance? Hint: Low corn and soybean prices combined with Americans' love of coffee, sugar, tequila, and avocados is part of the problem. John Newton, Chief Economist for the U.S. Senate Committee on Agriculture, Nutrition, and Forestry talks trade with Damian Mason!

The Business of Agriculture Podcast with Damian Mason is Sponsored by: Pattern Ag pattern.ag Redox Bio-Nutrients redoxgrows.com Truterra truterraag.com

  continue reading

353 episodes

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