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Minnesota Rancher Reacts to Argentinian Beef Imports
The quota increase to 80,000 metric tons aims to ease record-high US beef prices caused by tight supplies and strong demand, though ranchers warn of industry risks.
- On Thursday, the Trump administration announced it is quadrupling low-tariff imports of Argentine beef to lower supermarket prices, officials said responding to record-high U.S. beef costs.
- Tight supplies and strong demand prompted record-high U.S. beef prices, and the U.S. Department of Agriculture announced a domestic cattle herd expansion on Wednesday.
- Currently the quota is 20,000 tons, and talks would quadruple it, adding about 60,000 metric tons—equal to 176,000,000 pounds of beef compared with 500 million pounds of U.S. weekly production.
- Ranchers responded with fury after the announcement despite largely supporting Trump, with Justin Tupper warning the deal would undercut the cattle industry and urging government backing for U.S. farmers.
- Despite anger, Bruce Waugh of Cannon Valley Ranch said `I would love that to be U.S. beef... we have a lot more crucial issues` and emphasized U.S. beef's high quality.
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The Donald Trump administration published a plan to promote livestock and boost domestic beef production, while separately increasing a quota for imports of Argentine beef.The package revealed on the website of the U.S. Department of Agriculture includes measures to facilitate livestock grazing on federal-owned land, increase insurance subsidies, and reduce costs for small processors.
·Mexico
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According to a U.S. Department of Agriculture report, the quota will be raised to 80,000 tons per year
·Buenos Aires, Argentina
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Total News Sources25
Leaning Left4Leaning Right1Center2Last UpdatedBias Distribution57% Left
Bias Distribution
- 57% of the sources lean Left
57% Left
L 57%
C 29%
14%
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