Thursday, August 23, 2018

How a ‘Strong Dollar’ Causes Low AG Prices and How to Fix It

In recent months, President Trump has imposed much-needed tariffs to address China’s 24-year trade war and commercial espionage campaign targeting America. Instead of changing course, China has imposed tariffs on fairly-traded goods from the United States. While President Trump’s moves are aimed at helping U.S. manufacturers, we need additional strategies to help farmers and ranchers. America’s manufacturers and farmers happen to share a major export problem - an overvalued U.S. dollar that makes their goods more expensive overseas. If Congress and the administration can buckle down to pass legislation addressing this “strong dollar,” we could see corn, soybean and beef prices increase by 25 percent or more. [more...]

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