Farms.com Home   Ag Industry News

Potential U.S. ag trade with the EU

Potential U.S. ag trade with the EU

The European Union wants to have a deal done by March 18

By Diego Flammini
Staff Writer
Farms.com

The U.S. ag industry may benefit from a trade package the European Union is working on.

Officials with the EU trading bloc are said to be working on a set of concessions to present to the Trump administration, which include accelerating the EU’s approval process for GMO crops and allowing U.S. imports of tallow.

The EU currently has strict policies with regards to biotechnology.

The bloc has established a framework under which GMO development must fall in order to be considered safe.

But the regulations appear to be too restrictive.

“The single (GMO corn) variety authorized for cultivation (in the EU) is banned in 19 member states,” a 2018 USDA report said.

Only Spain and Portugal grew a combined 321,100 acres of GMO corn in 2018.

The EU does conduct “basic” biotechnology research, and the private sector’s interest in the research is lowering, the report added.

Phil Hogan, the EU’s trade chief, hopes to have a deal in place with the United States by March 18, the date the U.S. will increase its tariffs on European airplane manufacturer Airbus from 10 to 15 per cent.

U.S. ag industry reps are confident recent trade agreements will help the trading relationship between America and the EU.

“Part of (the EU’s) willingness to negotiate on (biotechnology) has come because China has been willing to negotiate on those things, USMCA has been signed, which has language in it around the biotech issues and regulatory issues,” Kevin Scott, vice president of the American Soybean Association, told WNAX.

Farmers in the EU have expressed an interest in employing modern ag practices, Scott said.

European producers describe their ag industry as a “food museum” because they’re farming like it’s the 1950s.

“The technology has been limited over there and (there’s) very little use of it,” Scott said.

Farms.com has reached out to U.S. ag industry groups for comment.


Trending Video

Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”

Video: Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”


After a week of a U.S./China trade truce, markets/trade is skeptical that we have not seen a signed agreement nor heard much from China or seen any details. There are rumors that China is buying soybean futures & not the physical. Trust in Trump?
12 MMT of U.S. soybean purchases by China by year-end is better than 0 but we all need to give it more time and give it a chance to unfold. China did lower the tariffs on Ag and is buying U.S. wheat and sorghum.
U.S. supreme court could rule against Trumps tariffs, but the Trump administration does have a plan B.
U.S. government shutdown is now the longest in history at 38 days.
But despite a U.S. government shutdown we will be getting a USDA November crop report next Friday and it could be “game changing.” If the USDA provides a bullish surprise with lower U.S. corn and soybean yields and ending stocks that are lower than expected both corn and soybean futures will break out above their ceilings at $4.35/bu and $11.35/bu respectively.
The funds continued their selling in live and feeder cattle futures on continued fears that the Trump administration want to lower U.S. beef prices. The fundamentals have not changed, only market psychology has.
Stocks markets continue to worry about a weak U.S. job market, but you can blame ChatGPT for that. In the future, we will have a more efficient, productive and growing economy with a higher unemployment rate until we have more skilled AI workers.
After 34 new record highs in the S & P 500 and 124 new records in the NASDAQ in 2025 we are back to a correction and investor profit taking as AI valuations may have gotten too stretched near-term ahead of NVDA’s 3rd quarter earnings announcement on Nov. 19th. But this is not an AI bubble.
75% of Tesla shareholders approved a $1 trillion pay package for Elon Musk!
It has rained in South America in the last 7 days, but both the American and European models agree that Central Brazil remains dry in the next 14-days!