Vice President Kamala Harris, former President Donald Trump cap a nearly 2-year long campaign-run.
Amidst congratulations from foreign leaders, domestic agricultural groups and his opponent Vice President Kamala Harris, former President Donald Trump capped a nearly 2-year long campaign-run by being elected the 47th President of the United States.
Transcript
Amidst congratulations from foreign leaders, domestic agricultural groups and his opponent Vice President Kamala Harris, former President Donald Trump capped a nearly 2-year long campaign-run by being elected the 47th President of the United States.
President-Elect Donald Trump: “Thank you everyone.”
On the campaign trail, Trump laid out a few of his plans for the agricultural sector. These included telling John Deere that any of its equipment made on production lines moved from the U.S. and then sent back to the United States would be subject to a 200 percent tariff. (media from MAKT5006)
As the 45th president, Trump imposed tariffs on more than $300 billion worth of goods imported from China. The move kicked off the 2018 tariff war that devastated U.S. exports of corn and soybeans. Despite the initial effect on farmers, those tariffs have remained in place throughout the Biden presidency. Economists agree the cost of tariffs are paid by the companies that import the goods and the customers who make the final purchases.
The President-elect has also stated he will reinforce the country’s southern border and deport all of the estimated 11 million undocumented, some of which allegedly have jobs on the nation’s farms and in its meat packing facilities. However, the President-elect wants migrant labor to legally cross the border to work in the U.S.
Colorado residents rejected measure 309, an issue covered by Market to Market, which would have banned packing plants inside the Denver city limits.
Sixty percent of South Dakotans rejected a ballot initiative that would have protected carbon sequestration pipelines through a requirement that local governments prove to state regulators their restrictions on pipeline locations were reasonable.
The Dakotas joined Florida in defeating statewide ballot initiatives for the legalization of recreational marijuana while Nebraska approved measures legalizing medical uses and regulating the industry.
For Market to Market, I’m David Miller.
Watch More
Agriculture gets sorted to the side during high-stakes negotiations with China. The yeas have it - E15 is approved in the House but not without some pushback. Revving up fans, drivers, and rural communities on the dirt track. And, commodity market analysis with Naomi Blohm.
President Trump met with Chinese President Xi this week in a highly anticipated two-day summit.
Oil, fertilizer, and protein join the discussion for our Market Plus with Naomi Blohm along with corn, soybeans and weather.
One wet blanket hangs over the corn market in our Market Analysis with Naomi Blohm. We also cover cheese and soybean demand as part of the commodity story.
The U.S. House approved the sale of year-round E15. The bill now goes to the U.S. Senate.
Underneath the fun and excitement surrounding the rituals of dirt track racing at local speedways are the spinning wheels of economic good that smalltown race tracks bring to their communities.