Debt-to-asset ratios are on the rise, working capital is eroding and farmers’ sentiments are on the decline. Despite the negativity surrounding prices and outlooks, Famer Mac is providing a voice of optimism.
Groups such as the Fresh Produce Association of the Americas and the Border Trade Alliance continue to make misleading statements about the U.S.-Mexico Tomato Suspension Agreement in an apparent attempt to muddy the waters and stoke fear among other agricultural sectors in the U.S.
Growers and importers of Mexican tomatoes and segments of the U.S. tomato industry continue to spar over a Department of Commerce decision to end an agreement that holds an anti-dumping investigation at bay.
I feel compelled to respond to disappointing comments about the renegotiation of the Tomato Suspension Agreement made by Michael Schadler of the Florida Tomato Exchange in the March 4 issue of The Packer.
Florida legislators have gathered bipartisan support from dozens of House and Senate colleagues in a push to terminate the suspension agreement between the Department of Commerce and Mexican tomato growers.
About two dozen fresh produce and nut companies are recipients of funds from the U.S. Department of Agriculture’s $200 million Agricultural Trade Promotion Program, to alleviate the effects of tariffs on exports.
With plenty of drama and plot twists, negotiations related to the tomato suspension agreement between Mexican growers and the Department of Commerce are continuing, according to an official with the U.S. agency.