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Posted on Jul 23, 2018 in Audio, Editorial, Featured, Your Texas Agriculture Minute

YOUR TEXAS AGRICULTURE MINUTE

YOUR TEXAS AGRICULTURE MINUTE

 

Trade dispute calls for resolution, not blame

By Gene Hall

A reporter recently asked me “Who do farmers blame for the current trade war between the U.S. and China?” It’s a fair question because farmers are indeed feeling the lion’s share of pain.

It’s also a complicated question. Farmers do much better when trade disputes are negotiated before they escalate. But all was not rosy before this started. Agriculture has been victimized for years by unfair trade practices, especially by China.

The Chinese are essentially ignoring the World Trade Organization rule book. They exceeded the amount of allowed domestic subsidies by as much as $100 billion in 2015. This distorts the world market. Many farmers don’t object to China answering for that.

Compare that to the North American Free Trade Agreement (NAFTA) where everyone mostly plays by the rules. Any 24-year-old agreement could stand some tweaking, but NAFTA is essentially sound.

Who’s to blame? Most farmers say, fix it, and blame won’t matter.

The preceding commentary is brought to you by Texas Farm Bureau, the “Voice of Texas Agriculture.” Called “Your Texas Agriculture Minute,” TFB will issue thought-provoking editorials each week—via print and audio—to spark understanding of agriculture in the Lone Star State and its impact on each and every Texan.

You may read this week’s editorial above or listen to the audio version.

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