Lincoln, NE — The Nebraska Farm Bureau has announced a new trade conversation with Japan, Indonesia and the Philippines, highlighting the importance of these deals for the state’s agriculture sector.
“Our beef that’s in high demand in those countries, they want our ethanol in those countries, pork is a big product that we sell into Japan. All the countries a little bit different but definitely very good trading partners for Nebraska agriculture,” said Mark McHargue.
McHargue emphasized Nebraska’s strong position in trade due to its abundance of commodities.
“When we can make sure that we have deals that can make sure we are trading on a fair level and we have the commodities they need on a fair level, that’s what’s really important. Thirty percent of almost all ag products we raise gets shipped overseas,” he said.
He noted that recent weeks have seen numerous trade discussions, particularly around tariffs. The main concern for agriculture currently is the cost of supplies due to U.S. tariffs on other countries.
“Right now, that’s actually affecting us more than the ability to sell more corn or soybeans into other countries cause those things haven’t really been solidified yet, it takes quite a while to get that supply chain filled up and get our products moving the other way,” said McHargue.
Most of the deals are still in the discussion phase and have not yet been finalized as trade agreements. The Nebraska Farm Bureau is urging the administration to expedite the implementation process.