Texas Agriculture March 4, 2016 : Page 18

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3DFLÀF3DUWQHUVKLSZLOO ERRVWIDUPH[SRUWV&#0f;LQFRPH The Trans-Pacific Partnership (TPP) will tear down trade barriers and help level the playing field for U.S. agricultural exports to 11 nations across the Pa-cific Rim. Ratifying TPP will boost annual net farm income in the U.S. by $4.4 billion, compared to not approving the pact, according to an economic analysis conducted by the American Farm Bureau Federation (AFBF). “TPP will mean a boat-load of expanded exports and increased demand for America’s agricultural products,” AFBF President Zippy Duvall said. “Clearly, America’s farmers and ranchers have much to gain from approval of TPP and we support its ratification. American agriculture is a growth industry, and to continue that trend, we must expand our market opportunities.” Not approving the trade deal would have adverse effects, too. “While our farmers and ranchers have a lot to gain with passage, the con-sequences of not approving the deal would be harmful,” Duvall said. “Every day we delay means lost markets as other TPP countries implement the deal’s advantages with each other. We are already arriving at the party late because, right now, expanded trade due to TPP is going on across the Pacific Rim–just without us.” While procedural steps along the way will take time, Duvall said, “the soon-er TPP is ratified, the better it will be for American agriculture.” AFBF’s analysis forecasts farm-price increases for corn (5 cents per bush-el), soybeans (12 cents per bushel), wheat (2 cents per bushel) and rice (16 cents per hundredweight). While cotton prices are not projected to change, cash receipts are forecast to increase by $21 million. AFBF also predicts price increases for beef ($2.66 per hundredweight), pork ($2.45 per hundredweight) and poultry ($1.40 per hundredweight). In the dairy sector, prices will increase for butter ($2.81 per hundredweight), cheese ($1.68 per hundredweight), nonfat dry milk ($1.29 per hundredweight) and all milk (21 cents per hundredweight). Net trade is expected to increase for rice, cotton, beef, pork, poultry, but-ter, cheese, soybeans and products and nonfat dry milk, according to AFBF’s analysis. While the analysis projects the net trade for corn will decline by 45.3 mil-lion bushels, overall demand and use for corn is forecast to increase by 54.2 million bushels. Corn revenues are expected to rise by $680 million per year and prices are projected to rise by 5 cents per bushel, due to higher domestic feed use from additional beef and pork exports created by TPP. The agreement has been approved by negotiators from the 12 TPP nations. The U.S. International Trade Commission is preparing an official analysis for the administration, which will formally ask Congress to ratify the deal. M ARCH 4, 2016 6FKRODUVKLSGHDGOLQHDSSURDFKHV The deadline to apply for Texas Farm Bureau scholarships is fast ap-proaching. This year’s scholarship applications must be postmarked by Monday, March 21. Faxed and emailed applications will not be accepted. Nearly $80,000 in applications is awarded at the state level and more than $100,000 is given each year through county Farm Bureaus. Visit texasfarmbureau.org/youth-opportunities for the applications. Contact scholarship coordinator Coleburn Davis at cdavis@txfb.org or 254.399.5037 for more information. FRISCO SIX AND MANGO EQUIPMENT 972-335-2731 sixandmango.com GRAND PRAIRIE SIX AND MANGO EQUIPMENT 972-314-2500 sixandmango.com KERRVILLE FIVE STAR RENTALS/ SALES 830-896-0282 fi vestarrental.com SHERMAN GRAYSON COUNTY EQUIPMENT 903-893-5564 graysoncountyequipment. com 18

Trans-Pacific Partnership will Boost Farm Exports, Income

The Trans-Pacific Partnership (TPP) will tear down trade barriers and help level the playing field for U.S. agricultural exports to 11 nations across the Pacific Rim. Ratifying TPP will boost annual net farm income in the U.S. by $4.4 billion, compared to not approving the pact, according to an economic analysis conducted by the American Farm Bureau Federation (AFBF).

“TPP will mean a boat-load of expanded exports and increased demand for America’s agricultural products,” AFBF President Zippy Duvall said. “Clearly, America’s farmers and ranchers have much to gain from approval of TPP and we support its ratification. American agriculture is a growth industry, and to continue that trend, we must expand our market opportunities.”

Not approving the trade deal would have adverse effects, too.

“While our farmers and ranchers have a lot to gain with passage, the consequences of not approving the deal would be harmful,” Duvall said. “Every day we delay means lost markets as other TPP countries implement the deal’s advantages with each other. We are already arriving at the party late because, right now, expanded trade due to TPP is going on across the Pacific Rim–just without us.”

While procedural steps along the way will take time, Duvall said, “the sooner TPP is ratified, the better it will be for American agriculture.”

AFBF’s analysis forecasts farm-price increases for corn (5 cents per bushel), soybeans (12 cents per bushel), wheat (2 cents per bushel) and rice (16 cents per hundredweight). While cotton prices are not projected to change, cash receipts are forecast to increase by $21 million.

AFBF also predicts price increases for beef ($2.66 per hundredweight), pork ($2.45 per hundredweight) and poultry ($1.40 per hundredweight). In the dairy sector, prices will increase for butter ($2.81 per hundredweight), cheese ($1.68 per hundredweight), nonfat dry milk ($1.29 per hundredweight) and all milk (21 cents per hundredweight).

Net trade is expected to increase for rice, cotton, beef, pork, poultry, butter, cheese, soybeans and products and nonfat dry milk, according to AFBF’s analysis.

While the analysis projects the net trade for corn will decline by 45.3 million bushels, overall demand and use for corn is forecast to increase by 54.2 million bushels. Corn revenues are expected to rise by $680 million per year and prices are projected to rise by 5 cents per bushel, due to higher domestic feed use from additional beef and pork exports created by TPP.

The agreement has been approved by negotiators from the 12 TPP nations. The U.S. International Trade Commission is preparing an official analysis for the administration, which will formally ask Congress to ratify the deal.

Read the full article at http://texasagriculture.texasfarmbureau.org/article/Trans-Pacific+Partnership+will+Boost+Farm+Exports%2C+Income/2414566/292602/article.html.

Scholarship Deadline Approaches

The deadline to apply for Texas Farm Bureau scholarships is fast approaching.

This year’s scholarship applications must be postmarked by Monday, March 21. Faxed and emailed applications will not be accepted.

Nearly $80,000 in applications is awarded at the state level and more than $100,000 is given each year through county Farm Bureaus.

Visit texasfarmbureau.org/youth-opportunities for the applications.

Contact scholarship coordinator Coleburn Davis at cdavis@txfb.org or 254.399.5037 for more information.

Read the full article at http://texasagriculture.texasfarmbureau.org/article/Scholarship+Deadline+Approaches/2414612/292602/article.html.

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