Farms.com Home   Ag Industry News

Obama Faces Push Back from Ag Groups over TPP Negotiations

By Amanda Brodhagen, Farms.com

A coalition of agriculture associations in the United States are unhappy with the way that the Obama administration has been handling the Trans-Pacific Partnership (TPP) negotiations. In particular, concerns have been raised about the U.S. allowing Japan to keep its tariffs on certain agricultural products, including dairy, sugar, rice, beef, pork, wheat and barley.

In a release produced by the National Pork Producers (NPPC), agriculture groups urge President Obama to conclude TPP talks and leave Japan out of the deal, unless it agrees to eliminate its gate price system and tariffs on agricultural products.

Farm groups are worried that if the U.S. gives Japan special treatment that it will set a bad precedent, making way for other countries to request similar treatment. Ultimately, the stalled talks with Japan could jeopardize the entire trade agreement.

The TPP includes the United States, Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. According to NPPC, the combined countries account for almost 40 per cent of the global GDP.


Trending Video

Did Bears Win Thanksgiving, Will Bulls Get Christmas?

Video: Did Bears Win Thanksgiving, Will Bulls Get Christmas?


Did the bears win Thanksgiving (although this week had green on the screen), and will the bulls get Christmas? Bears won thanksgiving thanks to a USDA Nov crop report dud that stalled the bullish grain momentum for a brief period. But a bullish lower yield surprise in the Dec crop report could reignite the rally.
2026 U.S. winter wheat planting is nearly complete at 97% while crop conditions improved by 3 points to 48% good-to-excellent. US corn & soybean harvest is complete.
High corn demand, which is off the chart, and more Chinese soybean demand could support a Christmas rally.
Nasdaq had it’s worst November since 2011.
A U.S. Fed rate cut in December will help fund flow and sentiment.
Bitcoin held a long-term support at 80,000 and that's positive for fund flow and sentiment. It should help stock prices and Ag as we go into December.
Fertilizer prices continue to climb as we look ahead to 2026. Farmers may rely more on the nutrients that they already have in their soils.
South American Weather remains critical as the soybean reproductive stage starts from late Nov to late Feb depending on planting date.
Will a Russia-Ukraine peace deal happen by year-end?
CFTC data as of showed more managed money fund sell-off as of October 14th.