Source: FARM POLICY NEWS, UNIV. OF ILLINOIS, 4/8/18


Today's update includes a brief explanation of recent trade tariff action taken by the U.S. and China.  The trade uncertainty unfolds as agricultural producers anticipate another year of stagnant farm income, and while robust production of corn and soybeans in recent years has made exports an important component of demand.  Overall, USDA has noted that agricultural exports account for 20 percent of U.S. farm income.  Meanwhile, President Trump has instructed Secretary of Agriculture Sonny Perdue to "implement a plan to protect our farmers and agricultural interests" as the trade tussle continues.

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