Tariff Reductions on Equipment and More Meat and Eggs Available
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.
**President Trump announced tariff reductions on certain agricultural and industrial equipment, a move that could help ease some cost pressures facing farmers and machinery dealers.
Under a new proclamation, tariffs on products like harvesters, bulldozers, forklifts, and HVAC equipment will be reduced from 25 to 15%.
The Wall Street Journal said the administration also lowered tariffs to 10% on products manufactured abroad that contain at least 85% U.S.-produced steel, aluminum, or copper.
**Americans are expected to have more meat and eggs available in the coming years.
USDA forecasts that 228.8 pounds of beef, pork, broilers, and turkey per person will be available in 2026, up to 229.4 in 27.
Egg availability should climb from 22.5 to 22.9 dozen per person.
Broiler chicken in America availability will reach 105.6 pounds per person in 2026 and 106.5 next year.
**The Meat Institute wants to reassure consumers that meat remains safe following the recent detection of New World Screwworm in Texas calves.
President Julie Anna Potts says American consumers need to know that New World Screwworm is not a food safety concern, and that meat and poultry products are safe to consume.
New World screwworm is a parasitic fly that can cause serious health problems for livestock by laying eggs in open wounds.
