America's largest association of cattle ranchers says Trump's plan to lower beef prices is 'undermining' farmers

Summarized from yahoo.com


President Donald Trump announced a plan to lower beef prices for American consumers by allowing up to 300,000 metric tons of beef imports into the U.S. over the next 90 days without an out-of-quota tariff. The National Cattlemen’s Beef Association (NCBA), which represents over 175,000 cattle producers and feeders, criticized this decision, stating that it “undermines American producers” and is driven by political motivations rather than industry support. According to the NCBA, the announcement is “100% about the 74 days between now and the midterm elections” and will negatively impact cattle producers who are making long-term decisions about herd expansion.

The NCBA argued that the administration’s “repeated whiplash on trade policy and beef imports” directly affects rural cattle producers, who require stability for their investments and decisions made years in advance. CEO Colin Woodall expressed disappointment, stating that the announcement and other market interventions “throw cold water on the prospect of herd expansion and sacrifice long-term stability for short-term messaging.” Other agriculture groups and some members of Trump’s base also criticized the plan, with Oklahoma Farm Bureau President Stacy Simunek warning that allowing foreign beef products into the market threatens the prices received by American beef cattle producers, even as the costs of raising cattle increase. Source