American Farm Bureau Federation President Zippy Duvall commented today on President Trump’s plan to import an additional 300,000 metric tons of beef in addition to already record-high beef imports.
“Farmers and ranchers are extremely disappointed to learn that President Trump plans to flood the American market with hundreds of millions of pounds of foreign-raised beef. The U.S. is already importing beef at record levels. This decision would be an unprecedented move and would translate to nearly an additional 60% increase in imports over the next 90 days.
“For almost a year now, we’ve been advising the administration that America’s ranchers are working to rebuild beef herds that had to be sold off due to drought. Despite high beef prices in grocery stores, prices paid to farmers and ranchers for their cattle have fallen sharply over the past two months, and beef packing plants are shutting down across the U.S. Further undercutting a fragile recovery by swamping markets with foreign products and attempting to manipulate prices threatens to wipe out any progress that has been made.
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