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less demand....putin stops all u.s. ag imports
So chicken will soon will be on sale, so
Could maybe drop pork and beef for
A little bit.
The spitting game has started
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Re: less demand....putin stops all u.s. ag imports
Didn't something like this happen in the 80's but it was the U.S. imposing an embargo that contributed to the farm crisis?
I am with others on how this will affect farmers, that is those with mostly a rented land base may see some very tough times. Also wonder how this will affect off farm land owners? If that owner is used to living a certain life style from farm rent and now his rent drops by say 30% or more, well now what?
Going to be interesting times.
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Re: less demand....putin stops all u.s. ag imports
I confess ignorance... but how much did russia import from us anyway? In the last few years? is it really a big deal, or mostly symbolic?
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Re: less demand....putin stops all u.s. ag imports
We've been told 11% of all our food and ag exports went to Russia in 2013, but we've got some scepticism with that figure. It was being discussed on another marketing thread earlier today.
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Re: less demand....putin stops all u.s. ag imports
I agree that sounds high. I just read the comments on the other thread. I too would like to see verification on that number
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Re: less demand....putin stops all u.s. ag imports
(Corrects Russia's percent share of total U.S. food and
agriculture exports in second paragraph)
Aug 6 (Reuters) - Russia banned all imports of food from the
United States and all fruit and vegetable imports from Europe in
retaliation for Western sanctions over its support for rebels in
Ukraine, Russia's state news agency said on Wednesday.
With about $1.2 billion in U.S. food and agricultural
product imports in 2013, Russia was the 23rd largest market for
the United States, representing an 0.8 percent share of U.S.
food and agricultural exports to all countries.
Russia is the second-largest importer of U.S. poultry meat,
and the seventh largest U.S. pistachio importer.
Moscow banned imports of U.S. beef and pork in February
2013, citing concerns about the growth-enhancing feed additive
ractopamine. Only a few U.S. plants have resumed exports to
Russia by ensuring exported products are ractopamine free.
Below is a list of the top U.S. food and agricultural
products exported to Russia from January to June 2014, according
to the U.S. Agriculture Department's Foreign Agriculture
Service.
Product Jan-Jun 2013 Jan-Jun 2014 YOY
(value in $1000) (value in $1000) change
Soybeans 16,278 134,396 726%
Broiler meat 154,226 128,507 -17%
Pork 15,684 60,436 285%
Almonds 71,250 47,142 -34%
Breeding beef 71,922 13,633 -81%
and dairy cattle
Pistachios 16,278 9,272 -43%
Peanuts 9,894 7,955 -20%
Soymeal 46 7,500 16204%
Rice 2,763 2,924 6%
Beef and veal 550 158 -71%
(Reporting by Karl Plume in Chicago)
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Re: less demand....putin stops all u.s. ag imports
In most economics classes it is taught that it takes 5% to affect a market.
looks like chicken, one nut, and maybe the fat part of the hog.
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Re: less demand....putin stops all u.s. ag imports
the fat part of the hog........there has
To be a story there!
Was wondering what other marketing thread was. Maybe I can learn something
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Re: less demand....putin stops all u.s. ag imports
We put the Ag.com "intelligence agencies" on this over on Mikes floor talk Aug 6 ----Message
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Re: less demand....putin stops all u.s. ag imports
Nuts, aren't most of those grown in the drought stricken west, California?
Thank you my good friends from Russia for keeping the local prices in check during these dry times!!