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Bob Larson Canadian Dairy Disappointment and AFBF on Korea Trade
by Bob Larson, click here for bio

Program: The Agribusiness Update
Date: October 05, 2018

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From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.

**Dairy farmers across Canada are deeply disappointed over the concessions made on the dairy sector to reach a new US-Mexico-Canada-Agreement.

Dairy Farmers of Canada president Pierre Lampron says tells Agrimarketing.com, the concessions in the new pact demonstrates once again the Canadian government is willing to sacrifice our domestic dairy production when it comes time to make a deal.

Lampron says this new agreement weakens the dairy sector which, among other things, employs more than 220,000

Canadians and contributes some 20 billion dollars a year to Canada's gross domestic product.


**The American Farm Bureau is encouraged by the South Korea trade agreement.

Federation President Zippy Duvall says President Trump's approval of the modernized U.S.-Korea Free Trade Agreement preserves a two-way trade relationship that greatly benefits America's farmers and ranchers.

South Korea bought $6.9 billion worth of U.S. agricultural goods last year, making it our sixth-largest export market.


**Go to a farmland auction this year, and you’ll probably come away thinking the farm economy is in fine shape.

Agriculture.com reports, there’s a growing disconnect between farm profit margins and what people will pay.

While most farm commodity prices remain at or below breakeven, surveys around the country verify the underlying strength in the farmland market.

Experts say farmers continue to be aggressive bidders with several factors, including cash reserves, attractive prices, low interest rates, pent up demand, and limited offerings, driving the strength.


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