Paddock profits in question

OPTIONS: China’s Minister of Agriculture Han Changfu with his Australian counterpart and Deputy Prime Minster Barnaby Joyce in Germany at the G20 Agriculture Ministerial Meeting last week. Photo contributedNorthWest cattle producers are enjoyingmemorably high market prices as the industry slowly recovers from drought. Butthe recent US withdrawal from the Trans-Pacific Partnership (TPP), a disappointment for member country Australia,poses questions for the industry’s stability.
Nanjing Night Net

“(If) we survive from everything that happens over (in the US); we’re such a major partner- major ally, if they’re going to become protectionist, we might just be in a heap of trouble,”Inverell stock agency principal Bob Jamieson said.

“We’re only protected at the moment by a freakish undersupply of beef;it’s the lowest in 10-20 years. If we hadn’thad the drought 18 months ago, cattle prices would benothing right now.”

US President Donald Trumpsigned off the withdrawal from the TPP on January 23, declaring domestic interests first.

He stated it wasmore lucrative for the superpower to cherry-pick its trading relationships, calling them fair trade, rather than free-trade, for a country Mr Jamieson said hasan oversupply of quality beef.

”Where it could really blow up in our faces, that little partnership (the TPP)represents 40 per cent of the world’s economy, so if they do as they say, and start picking and choosing their partners, if they get very specific and do deals, that could affect us,” Mr Jamieson said.

He said Australia had the benefitofdisease-free cattle, and paddock-to-plate traceability, bestingbigger growers, and attractive to marketsdeterred by President Trump’s recent inflammatory rhetoric, such as other Commonwealth countries, or Mexico.

“That’s a wonderful market for us to get into,” Mr Jamieson said.

Pundits speculateChina might fill the gap beside theremaining 11 nations. Aspokesperson for Member for New England and Minister for Agriculture Barnaby Joyce saidconversations were already underway, as the TPP was structured to permit other neighbour countries to join, such as China, Korea or Indonesia.

Inverell stock agent and principal Bob JamiesonThis story Administrator ready to work first appeared on Nanjing Night Net.

Posted in 南京夜网