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Ag Equipment Manufacturers Feeling Impact Of U.S. Tariffs

 
The U.S. implemented hefty tariffs late last week on steel and aluminum that could see Canadians paying more for cars, farm equipment and more.
 
The tariffs amount to a 25% tariff on steel and 10% on aluminum.
 
Jamie Pegg, General Manager of Honey Bee Manufacturing (Frontier, Sask) explained the impact they are seeing as an agriculture manufacturer.
 
"Today with the way it looks, it's a significant cost increase for the product we need to produce every day," he said. "Already there have been price increases just on the threat of tariffs. With the fact the tariffs have come into play, we've seen significant increases on some of the steel that we purchase."
 
He notes another additional impact is also the cost of transportation with extra tax and tariffs. It has a negative effect on their bottom line and in turn the cost they have to charge producers.
 
Pegg is hoping it’s just a short-term annoyance.
 
"I think the most important thing is for our officials to sit down and get the NAFTA agreement carved out," he said. "To get it completed so that everybody knows the playing field that they're walking on. There's a great opportunity for our country and for other countries involved to be able to create a deal that continues on North America as the manufacturer that it can be and that it should be."
 
Source : Steinbachonline

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The Crop Science Podcast Show, Dr. Emerson Nafziger from the University of Illinois breaks down decades of nitrogen research. From the evolution of N rate guidelines to how soil health and hybrid genetics influence nitrogen use efficiency, this conversation unpacks the science behind smarter fertilization. Improving how we set nitrogen fertilizer rates for rainfed corn is a key focus. Discover why the MRTN model matters more than ever, and how shifting mindsets and better data can boost yields and environmental outcomes. Tune in now on all major platforms!

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