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Posted on Jun 3, 2019 in Audio, Editorial, Featured, Your Texas Agriculture Minute

YOUR TEXAS AGRICULTURE MINUTE

YOUR TEXAS AGRICULTURE MINUTE

 

No good time for a trade war

By Gene Hall
Publisher

For farmers and ranchers, there is no good time for a trade war. When one gets started, agriculture is a tempting target. It’s a way for adversaries to strike and bring about immediate pain.

Agriculture came into this trade dispute in a real bind. Net farm income is down more than half in the last six years.

Now, negotiations with China—our top trade customer—have ground to a halt.

The new North American agreement, USMCA, was making progress before the latest round of tariffs aimed at resolving immigration disputes. In good times and especially bad ones, agriculture depends a great deal on trade with Canada and Mexico.

The farm economy is a mess, and trade is the only way out of it.

The Trump administration has provided market assistance for farmers. This is, of course, appreciated, but clearly, it’s not what agriculture needs to regain its footing. For that, trade—as free and as fair as it can possibly be—is the only remedy.

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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