Georgia Port Jobs and USTR's Fees on Chinese Ships
From the Ag Information Network, this is your Agribusiness Update.
**Port activity in Georgia now supports more than 600,000 full-or-part-time jobs across the state, according to an economic impact study by the University of Georgia’s Terry College of Business.
That number is up 48,000 jobs from Fiscal Year 2021.
Governor Brian Kemp says this study confirms that our ports are invaluable economic drivers for the entire state.
Georgia ports now help sustain 12% of total state employment.
www.gfb.org/news/ag-news/post/uga-report-georgia-ports-support-more-than-600-000-jobs
**Improved economic conditions in many regions, together with ongoing high prices for other proteins, make poultry an attractive option for worldwide consumers.
Rabobank says global consumption growth is predicted to reach 2.5 to 3% this year.
This marks the second year of above-average market growth, which led to significant improvements in margin performance.
However, dealing with bird flu remains a significant challenge for the U.S. poultry industry and one of its biggest concerns.
**A U.S. Trade Representative proposal to impose new fees on ocean carriers with ties to China could take a major toll on America’s farmers and ranchers.
To address China’s dominance in global shipbuilding and logistics, the Trump administration has proposed a series of fees targeting Chinese-operated-or-built vessels that access American ports.
Fees would go as high as $1.5 million per port call.
Two-thirds of all U.S. ag exports by volume are shipped overseas.
www.gfb.org/news/ag-news/post/farmers-could-incur-higher-shipping-costs-with-proposed-fees
