Trade, climate change and a new administration were part of a post-election panel discussion during the virtual NAFB Convention. Under a Biden administration, Policy Solutions Principal Jay Truitt thinks the U.S. will change its trade policy with China, but not in a way that harms agriculture. Truitt says most of the hard work has been done for the sector. “However, to really gain the high value numbers for beef will take more work.” Michael Torrey Associates Principal Mike Torrey says there could be a change in tactics. “I don’t think the Biden administration, from a tactic standpoint, will back off on China. I think they’ll push, but they’ll be more collaborative with international markets and take a fresh look at what’s been done, knowing U.S. farmers need that market.” Both say American farmers may fare better in the next four years than they did in the last four.
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