(IARN) — The Chinese Finance Ministry says it will cut tariffs on $75 billion worth of U.S. products. The cuts begin on February 14th and will include ag commodities like soybeans, asparagus, pork, and more. An Agri-Pulse report says the move will cut tariff rate increases in half, somewhere between five and 10 percent, that China put into effect late last year in response to U.S. tariffs. The 30 percent punitive tariff on soybeans will drop to 27.5 percent on February 14, which will be seen largely as a goodwill gesture by China that won’t have a big effect on trade between the two countries. Read more
Veterinarian: Deworm Cattle In Spring
(IARN) — United States producers returned to beef cattle operations, after attending the Cattle Industry Convention & NCBA Trade Show last week in San Antonio, Texas.
Russ Parker, operations manager for the Iowa Agribusiness Radio Network, attend this year’s event, which attracted more than 9,000 cattle producers, industry partners and stakeholders. Parker interviewed several industry allies, including a senior professional services veterinarian, who spoke to herd health. Read more
Analysts Predict “Friendly,” Yet “Unlively” Report
(IARN) — U.S. Department of Agriculture (USDA) officials tomorrow will publish their monthly World Agricultural Supply and Demand Estimates (WASDE) report. Traders anticipate “friendly” alterations, but nothing uncommon. Read more
ISA Launches Research Center For Farming Innovation
(IARN) — Soybean farmers wanting to boost profitability through improved data, information and decision tools related to agronomics and conservation have a team at the ready to help make the most of every acre and growing season. Read more
Ample Moisture Wreaks Havoc Across Cattle Country
(IARN) — United States cattle producers have their work cut out for them, as heightened precipitation levels continue to sweep across the nation.
State officials recorded wetter than normal conditions for January. Meteorologists forecasted wet conditions, coming off of Iowa’s tenth wettest year. Additional precipitation amounts challenge Midwest cattle producers. Read more
Ag Economy Supported By Interest Rates, Land Values
(IARN) — The United States Department of Agriculture (USDA) – Economic Research Service (ERS) expects net farm income to rise in 2020. Early forecasts suggest a three-percent increase, bringing total net farm income to $96.7 billion. Read more