In the new U.S. and Japan trade deal, there is a country-specific quota for wheat and wheat products and a reduction in the mark-up for imported U.S. wheat and barley. U.S. Wheat Associates Vice President of Policy Dalton Henry says this gets U.S. wheat to a level playing field. “Going forward, we will step into the same markup schedule as Canada and Australia. That’s a big start to 2020.” Henry also says there will be many discussions on phase two with Japan. “There are important products and topics we hope to see taken care of for agriculture as a whole, but the U.S. wheat industry got their big priorities in phase one.”
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.