Agribusiness Update for Thursday 03/06/14

Agribusiness Update for Thursday 03/06/14

This is the Agribusiness Update...I'm Greg Martin...

U.S. Trade Representative, Ambassador Michael Froman says that both the Trade Promotion Authority and the Trans-Pacific Partnership Agreement are extremely important to trade here in the northwest. He said the northwest has a great competitive advantage but it is important to get those markets open and level the playing field. Froman said that they are in the "end-game" of the TPP negotiations but there are still some hard issues to work through including access to Japan and Canada.

Nebraska Senator and Former Secretary of Agriculture Mike Johanns says the country is in need of serious budgeting that spends responsibly and reins in the heavy hand of government. He says the budget proposed by President Obama Tuesday isn't serious at all. According to Johanns - the proposal is a political tool that spends more, taxes more and fails to address much-needed entitlement reforms. He says it includes 56-billion dollars in new spending this year and 791-billion dollars in spending increases over the next decade - paid for with tax hikes on American families.

That's today's Agribusiness Update from the Ag Information Network.

Previous ReportAgribusiness Update for Wednesday 03/05/14
Next ReportAgribusiness Update for Friday 03/07/14