Ohio Farmers Union

Serving Family Farmers and Consumers Since 1934



United to Grow Family Agriculture Since 1934

  • About
    • The Farmers Union Triangle
    • Vision
    • OFU Leadership
  • Issues
    • 2020 Virtual Lobby Days
    • OFU Policy & NFU Policy
    • 2019 Lobby Day Registration
    • Get Involved!
    • NFU Climate Leaders
  • Education
    • 2019 OFU Essay Contest
    • Ohio Farmers Union Scholarships
    • Farm Safety
    • Renewable Energy Curriculum
  • Insurance
    • Hastings Mutual Insurance Co.
    • Health & Other Offerings
    • Ohio BWC Group Coverage
  • Join Us
    • Online Sign-Up
    • Member Benefits
    • Insurance
  • Blog
  • Events

Passage of currency reform will make trade agreements more fair

October 11, 2011 By Ron Sylvester Leave a Comment

WASHINGTON (Oct. 11, 2011) – National Farmers Union President Roger Johnson issued the following statement after the U.S. Senate passed S. 1619, the Currency Exchange Rate Oversight Reform Act of 2011:

“We are very pleased that the Senate passed the Currency Exchange Rate Oversight Reform Act, because it is a comprehensive piece of legislation that uses U.S. trade law to counter the economic harm caused to U.S. farmers, ranchers and manufacturers due to currency manipulation. Before our trade can truly be fair, we need to ensure that all countries are playing by the same rules.

“Unbalanced trade agreements negatively impact the economy. By ensuring that the currencies of other countries are valued fairly, U.S. companies are able to compete on a level playing field, which helps to create and preserve jobs. The U.S. has been harmed many times before because other countries illegally manipulated their currency, and we continue to be harmed even today.

“An Economic Policy Institute study found that if the Chinese yuan were revalued to its equilibrium level, up to 2.25 million jobs could be created through an increase in U.S. gross domestic product. These are desperately needed jobs that the U.S. has lost because of the illegal actions of other countries. This is legislation that garnered overwhelming bipartisan support in the House last year, passing 348-79. We urge the House to pass this bill and the president to sign it as quickly as possible to correct this problem.”

Filed Under: Blog Tagged With: National Farmers Union, Roger Johnson, Trade

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Email
  • Facebook
  • RSS
  • YouTube

Latest News from the Ohio & National Farmers Union

OFU Replaces In-Person Convention with Teleconference

Due to COVID-19 risk and restrictions, the Ohio Farmers Union's 87th Annual Convention will be held as a teleconference and full Board of Directors … Read More

Despite concerns from small farmers, Vilsack may be well-suited to withstand agribusiness influence

In a sprawling, diverse U.S. family farm community, questions are being asked about President-elect Joe Biden’s choice of Tom Vilsack to lead the USDA … Read More

Farmers Affected by the Pandemic Should Look at USDA Coronavirus Food Assistance Program

The USDA’s Coronavirus Food Assistance Program provides direct relief to certain farmers who have experienced price declines and additional marketing … Read More

Black Farmers: Beyond 40 Acres and a Mule

Sponsored in part by the Ohio Farmers Union, this event is FREE and open to the public. People of African descent have a long … Read More

Check Out the Entire Blog

NATIONAL FARMERS UNION

Click to Take Action



Contact

Ohio Farmers Union
P.O. Box 363
1011 N. Defiance Street
Ottawa, Ohio 45875
Phone: (419) 523-5300
Toll Free: (800) 321-3671

Copyright Ohio Farmers Union© 2021 | Site by: RCS Communications