Vilsack

Ag Secretary Tom Ville sack is really plugging the TransPacific Partnership agreement. "No country is going to receive more benefit from the Trans Pacific Partnership agreement than the United States. We have a series of advisory groups here at the USDA that provide us with advice on trade and each of the advisory groups dedicated to agriculture indicated potential benefit to agriculture. Until today we didn't have a specific documented review or study of that benefit but thanks to the AFBF we can see its analysis of the importance of opening up markets for US products in this Asian market.”

 

AFBF’s analysis forecasts farm-price increases for corn (5 cents per bushel), soybeans (12 cents per bushel), wheat (2 cents per bushel) and rice (16 cents per hundredweight). While cotton prices are not projected to change, cash receipts are projected to increase by $21 million. AFBF also predicts price increases for beef ($2.66 per hundredweight), pork ($2.45 per hundredweight) and poultry ($1.40 per hundredweight). In the dairy sector, prices will increase for butter ($2.81 per hundredweight), cheese ($1.68 per hundredweight), nonfat dry milk ($1.29 per hundredweight) and all milk (21 cents per hundredweight).