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NFU Calls Out Potential TPP Trade Partner for Currency Manipulation

August 20, 2015 By Ron Sylvester Leave a Comment

NFU: Currency Manipulation Again Being Used by Potential TPP Partner to Gain Unfair Advantage Over U.S. Farmers and Ranchers

nfulogo-featNational Farmers Union President Roger Johnson today again urged the administration to ensure that the final Trans-Pacific Partnership (TPP) agreement include strong language against currency manipulation, which has been used recently by two of our trading partners- and consistently by other potential signatories of the TPP – to gain the edge on America’s farmers and ranchers.

“The devaluation of Vietnam’s currency this week and China’s last week underscores that mercantilism is alive and well around the world,” said Johnson. “Congress and the administration should take note that while many nations claim to be willing to drop blatant barriers in the name of free trade, they’re busy erecting new barriers on the side.”

Vietnam is a planned signatory onto the TPP, and will benefit from the elimination of trade barriers by many countries – like the U.S. – where it hopes to gain market share.

“The U.S. needs to prioritize meaningful measures to address currency manipulation with our trading partners,” said Johnson, who urged the administration to be wide-eyed and cautious moving forward with TPP negotiations. “Any major trade agreement that doesn’t have strong and enforceable language against currency manipulation isn’t worth the paper it’s written on,” said Johnson.

Johnson pointed out that currency manipulation is the most significant contributor to the massive U.S. trade deficit, which exceeded $505 billion in 2014.

“The trade deficit keeps growing because everyone seems to be watching out for their own best interests but the U.S.,” said Johnson. “The overall U.S. trade deficit is a 3 percent drag yearly on our national Gross Domestic Product and is robbing rural America and domestic agriculture of its potentially bright future” said Johnson.

 “If the TPP is signed without strong provisions against currency manipulation, that deficit will just continue to grow,” he said.

Filed Under: Blog Tagged With: Currency Manipulation, TPP, Trade, Trans-Pacific Partnership, Vietnam

NFU Denounces Chinese Currency Devaluation

August 12, 2015 By Ron Sylvester Leave a Comment

nfulogo-featNational Farmers Union President Roger Johnson today denounced the Chinese government’s recent decision to devalue its currency, an unfair move that hurts U.S. family farmers’ and ranchers’ ability to export goods to China. Johnson called for the administration to ensure currency manipulation is prohibited in the final Trans-Pacific Partnership (TPP) agreement.

“This deliberate currency manipulation by the United States’ second largest trading partner, and largest supplier of goods imports, is a prime example for why the U.S. needs to prioritize meaningful measures to address currency manipulation with our trading partners,” said Johnson in a letter to U.S. Trade Representative (USTR) Michael Froman. “NFU strongly urges the administration to include a prohibition on currency manipulation in the TPP to protect the U.S. from unfair trading practices and preserve jobs across America.”

[Read more…]

Filed Under: Blog Tagged With: China, Currency Devaluation, Michael Froman, TPP, Trade, Trans-Pacific Partnership

NFU has praise for bipartisan bill to expand exports into Cuba

February 13, 2015 By Ron Sylvester Leave a Comment

nfulogo-postWASHINGTON  – National Farmers Union President Roger Johnson praised Senators Amy Klobuchar, D-Minn., Mike Enzi, R-Wyo., Debbie Stabenow, D-Mich., Jeff Flake, R-Ariz., Patrick Leahy, D-Vt., and Dick Durbin, D-Ill., on today’s introduction of the Freedom to Export to Cuba Act of 2015, a bipartisan bill in the U.S. Senate that would modernize U.S. policy towards Cuba and boost opportunities for American family farmers, ranchers and rural communities.

“The Freedom to Export to Cuba Act of 2015 will lift the failed trade embargo and boost U.S. agricultural exports to Cuba,” said Johnson. “Breaking down trade barriers is necessary to provide U.S. family farmers with increased market access and opportunities for trade in Cuba, a market of 11 million people just 90 miles away from American shores.”

Johnson noted that the bill would also remove financial restrictions that currently create barriers to trading with Cuba, including allowing U.S. banks to extend credit to Cuban buyers.

“The financial restrictions currently in place prevent normal business relationships from developing between the U.S. and Cuba,” said Johnson. “Extending credit to Cuban buyers allows for the purchasing of American farm goods, auto parts and other products that American family farmers, ranchers and rural communities already produce and are eager to sell.”

Johnson also noted that the bill would remove restrictions on direct shipping between Cuban and American ports. “This restriction is costly and an unnecessary trade barrier,” said Johnson. “It slows down the movement of agricultural products from the U.S. to Cuba, making trade very difficult.”

“The Cuban embargo has made no sense for a long time. This bill addresses and removes the barriers and restrictions that have failed American agriculture and the Cuban people for over 50 years.”

Filed Under: Blog Tagged With: Congress, Cuba, Trade, Trade Policy

National Farmers Union Opposes Fast-Track Trade Authority

January 15, 2014 By Ron Sylvester Leave a Comment

from the National Farmers Union

WASHINGTON – National Farmers Union President Roger Johnson voiced opposition Monday to a bill, introduced last week by Sen. Max Baucus, D-Mont., and Rep. Dave Camp, R-Mich., that would allow trade agreements to move through Congress with limited debate and without amendments.

“We oppose fast-track negotiating authority for the president,” said Johnson. “Trade agreements must be a fair deal for all parties – farmers, workers, and consumers, both in the United States and abroad. Previous trade deals haven’t lived up to this standard, so Congress should have full opportunity to review and amend provisions of a trade agreement, consistent with the U.S. Constitution.”

[Read more…]

Filed Under: Blog Tagged With: Fast Track, Trade, Trans-Pacific Partnership

Portman signals support for currency manipulation protections in trade agreement

September 15, 2013 By Ron Sylvester Leave a Comment

FILE: GOP Sen. Rob Portman Supports Gay MarriageWe learned Friday that U.S. Sen. Rob Portman, R-OH, has signed onto a letter to federal trade officials asking for currency manipulation protections in U.S. trade negotiations such as the Trans-Pacific Partnership.

The Ohio Farmers Union and National Farmers Union are supporters of the Coalition for a Prosperous America a coalition of manufacturing, agricultural, worker, consumer and citizen interests working at the grassroots to reshape U.S. trade policy that is based on roughly balanced trade among nations without surrendering sovereignty, damaging the environment or compromising food safety. CPA has been working to gain Portman’s and other federal legislators’ support for measures to reduce currency manipulation by other countries. Ohio Farmers Union past-President Joe Logan serves on the CPA Board of Directors Executive Committee. John Hansen, president of the Nebraska Farmers Union is also a member of the CPA board.

Currency manipulation is an important component of turning around the U.S. negative trade balance. Nations like China and Japan purposefully lower the value of their national currencies making products produced in their countries essentially discounted on world markets versus those manufactured in the United States. Ending currency manipulation around the world will not cure the U.S. trade problem on its own, but it is a reversible competitive disadvantage for U.S. manufacturers and farmers that can be solved if Congress and the Obama Administration were to make it a priority.

The Trans-Pacific Partnership is a proposed free trade agreement among among the United States, Japan, Australia, Brunei, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. It would cover nearly all goods and services sectors. The Peterson Economic Institute lists Japan, Malaysia and Singapore as nations currently manipulating their currencies from the TPP partners.

[Read more…]

Filed Under: Blog Tagged With: Coalition for a Prosperous America, Currency Manipulation, Rob Portman, Trade, U.S. Senate

Farmers Union Disappointed With Rubber Stamp of Deal to Sell Smithfield to Chinese

September 6, 2013 By Ron Sylvester Leave a Comment

National Farmers Union President Roger Johnson issued the following statement in response to the decision by the Committee on Foreign Investment in the United States (CFIUS) to allow the sale of Smithfield Foods to a Chinese interest:

“Today’s ruling by CFIUS on the proposed acquisition of Smithfield Foods by Shuanghui Intl. is a disappointment for family farmers and ranchers across the United States. The deal represents the sale of one quarter of U.S. hog processing to a quasi-state-owned Chinese enterprise and is a dangerous precedent, in terms of food security and market competition.

“We continue to urge Congress, the administration, and other decision-makers to oppose this sale. Our domestic livestock markets are already largely non-competitive and foreign-backed control will only make the situation worse.”

 

Filed Under: Blog Tagged With: Smithfield Foods, Trade

Streamlined trade of organics between U.S. & European Union countries begins

June 4, 2012 By Ron Sylvester Leave a Comment

WASHINGTON—The U.S. Department of Agriculture announced today that organic products certified in the United States or European Union may now be sold as organic in either market, as trade opened up on Friday, June 1, under a new U.S.-EU equivalency partnership. Agriculture Deputy Secretary Kathleen Merrigan signed formal letters creating the partnership in February, along with Dacian Cioloş, European Commissioner for Agriculture and Rural Development, and Ambassador Isi Siddiqui, U.S. Trade Representative Chief Agricultural Negotiator.

“This partnership will open new markets for American farmers and ranchers, create more opportunities for small businesses, and result in good jobs for Americans who grow, package, ship, and market organic products,” said Merrigan. “In the months ahead, USDA will continue to work hard to expand opportunities for all U.S. products, including organics. Equivalency arrangements such as this are critical to growing the U.S. organics industry—they require careful negotiation to ensure that we maintain existing U.S. trade policies while ensuring that U.S. agricultural products will compete on a level playing field in world markets.”

The United States signed a similar partnership with Canada in July 2009, and additional equivalency arrangement conversations have begun with South Korea, Taiwan and Japan.

Previously, producers and companies wanting to trade products on both sides of the Atlantic had to obtain separate certifications to two standards, which resulted in a double set of fees, inspections, and paperwork. The partnership existing now eliminates these significant barriers, which is especially helpful for small and medium-sized organic farmers. During negotiations, both parties conducted thorough on-site audits to ensure that their programs’ regulations, quality control measures, certification requirements, and labeling practices were compatible.

[Read more…]

Filed Under: Blog Tagged With: European Union, Organic, Trade, USDA

Ohio Farmers Union and the Coalition for a Prosperous America

October 19, 2011 By Ron Sylvester Leave a Comment

Coalition policies center on fair trade and tax reform

OFU Members at Dayton Summit: L-R Sibyl Miller, Jay Fry, Rev. Vanessa Cummings, William Miller, Ron Sylvester, Michael Stumo (CEO of Coalition for a Prosperous America) Roger Wise, Joe Logan.

On a sunny day in Dayton, Ohio two weeks ago an unlikely assembly of farmers, labor leaders, local politicians, former Reagan Administration officials, academics and business owners came together to discuss what ails the American economic system and what can be done about it.

Organized by the Coalition for a Prosperous America, the event was one of several regional meetings held across Ohio in the past couple of months. Drawing its support from a support network of manufacturers, labor and agricultural organizations, CPA describes its mission as working for a new and positive U.S. trade policy that delivers prosperity and security to American citizens, farms, factories and working people. CPA views the U.S. trade deficit as an economic headwind, holding U.S. industry and agriculture back while allowing emerging economies to grow on the backs of displaced American workers and shuttered factories and farms.

In August alone, the U.S. trade deficit was nearly $29 billion. Agricultural products are as much a part of the issue as the manufactured goods consumers hear so much about in the media. According to CPA, the U.S. is now a net importer of these products as well.

[Read more…]

Filed Under: Blog Tagged With: Charles Blum, Clyde Prestowitz, Coalition for a Prosperous America, Marilyn Landis, Ohio Farmers Union, Pat Choate, Trade

Ag News Rounup – October 13, 2011

October 13, 2011 By Ron Sylvester Leave a Comment

Potato Wars on Capitol Hill

Politico

Sen. Susan Collins is a more gentle soul than your typical Republican Steering Group regular, but there she was in the Capitol last week: Ms. Maine Moderate lunching with the “Sons of Jesse Helms” — all in the name of the potato.

It was a jaw-dropping, don’t-spill-your-fries moment and a sign of the newest civil rights frontier of this dysfunctional Congress: the battle over equity among vegetables.

Read the Rest at Politco

Deal close on cut in farm subsidies

Politico

Under pressure to cut farm subsidies, Agriculture Committee leaders in Congress are closing in on a 10-year savings target near $23 billion, about a third less than what House Republicans and President Barack Obama had proposed but still a significant change.

No final announcement has been made, but the bipartisan leadership met Tuesday evening, and three lawmakers told POLITICO that they expected the final savings to be in $23 billion range.

Read the Rest at Politico

Ohio EPA to clarify water quality trading rules

Ohio Environmental Protection Agency

Updates to a program that allows voluntary trading of water quality pollution credits are being considered by Ohio EPA as part of a five-year rule review. Public comments on draft rules are sought through October 25, 2011.

Water quality trading is a voluntary program, typically undertaken by wastewater treatment plants, that allows dischargers to use pollutant reduction credits to offset reductions required by their permits. The credits may be generated by another wastewater treatment plant or by a nonpoint source. The goal of the program is to improve water quality and minimize the cost of achieving and maintaining water quality standards.

Read the Rest

Ohio Turnpike tolls to rise

Associated Press

BEREA, Ohio (AP) — Ohio Turnpike tolls are expected to go up Jan. 1, despite an earlier proposed freeze and opposition from truckers.

Turnpike Commission Chairman Jerry Hruby has said the increase, which is about 10 percent for trucks and cars, is necessary and already in the budget.

The previous chairman, Joseph Balog, said in June that rates should be held steady next year for users of the E-ZPass electronic toll system to satisfy truckers and give motorists a break during a tough economy, The Plain Dealer of Cleveland reported today.

Read the Rest at the Columbus Dispatch

Demand unusually high for Ohio pumpkin crop this year

Ohio’s crop of pumpkins for jack-o’-lanterns and decorations is expected to be good or at least average this year. But demand from the Northeast, where pumpkin crops were damaged by Hurricane Irene, could push prices higher.

Central Ohio’s weather didn’t do the local pumpkin crop any favors.

Record rains in the spring and an unusually hot and dry summer led the state’s pumpkin crop to an “erratic performance,” said Lisa Schacht, board president of the Ohio Produce Growers and Marketers Association.

Read the Rest at the Columbus Dispatch

Low interest rates mean opportunities for farmers

Farm and Dairy

The perfect storm of economics is giving many farmers opportunities they might not have seen coming.

Mark Hancock, vice president and treasurer of Farm Credit Services, said the down economy has created low rates for borrowing, but unfortunately shows a sign of general weakness in the economy.

Read the Rest at Farm and Dairy

Congress ends 5-year standoff on three free trade deals

New York Times

WASHINGTON — Congress passed three long-awaited free trade agreements on Wednesday, ending a political standoff that has stretched across two presidencies. The move offered a rare moment of bipartisan accord at a time when Republicans and Democrats are bitterly divided over the role that government ought to play in reviving the sputtering economy.

The approval of the deals with South Korea, Colombia and Panama is a victory for President Obama and proponents of the view that foreign trade can drive America’s economic growth in the face of rising protectionist sentiment in both political parties. They are the first trade agreements to pass Congress since Democrats broke a decade of Republican control in 2007.

All three agreements cleared both chambers with overwhelming Republican support just one day after Senate Republicans prevented action on Mr. Obama’s jobs bill.

Read the Rest at The New York Times

U.S. Senate approves China currency manipulation bill

New York Times

WASHINGTON — A bipartisan cross-section of Congress seems to agree that China manipulates its currency in ways that make it harder for many American manufacturers to compete. Where they cannot find alignment is on how best to address that problem, while maintaining America’s relationship with its biggest lender and a major trading partner.

On Tuesday, the Senate passed a bill that would require the Treasury Department to order the Commerce Department to impose tough tariffs on certain Chinese goods in the event of a finding by the Treasury that China was improperly valuing its currency to gain an economic advantage.

The measure passed 63 to 35, with 16 Republican votes, an unusual dynamic in the Democrat-controlled Senate. It enjoyed rare support from members of both parties despite the strong disapproval of Senator Mitch McConnell of Kentucky, the Republican leader, who pressed his party colleagues to vote against it.

Read the Rest at The New York Times

 

 

Filed Under: Blog Tagged With: Farm Bill, Ohio EPA, Trade

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.

[Read more…]

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

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