4423Outlook

Economic Outlook: January 25, 2019

Jan 25, 2019  | Ep4423

President Trump said for weeks he would not end the government shutdown unless Congress put money towards a border wall with Mexico. On Friday, a deal to end the longest shutdown in U.S. history concluded without that demand being met. A number of questions remain on how the three-weeks of funding affects the nation’s farmers. ---

USDA was planning to help finish 2018 by handling MFP obligations and farm loan payments. It is unknown if they will expand the scope of services.

The trade war with China shows no sign of ending as farmers plan for the coming season. A team of Chinese trade negotiators are expected in Washington next week.

Will Congress make it a priority to take-up the USMCA trade agreement? Analysts at the International Trade Commission were on furlough making it impossible for any debate before Friday. Economists at Purdue University believe the treaty will increase agricultural trade by $450 million.

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