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Trade isn’t always the answer for increasing demand for ag products
A market analyst says expanding market access may not solve the long-term challenges facing American agriculture.
Jim McCormick with AgMarket.Net says trade agreements in principle with the United Kingdom and Japan may not move needle much. “They’re small societies. They’re not going to have a big impact buying grain.”
He tells Brownfield India and China are ideal customers due to their population, but the US faces competition from South America. “They’ve got more and more acres they can open up over the next 10 years. They’re going to open it up. The Chinese have talked about opening it up and then on top of it, you’ve got China specifically introducing more and more GMO products and technology into their own farming system, which will only more than likely bring up their national yield.”
McCormick says the US needs to shift its focus to increasing domestic demand for energy markets like sustainable aviation and ethanol-blended fuels.
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I agree. BRAVO
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