Tariffs – Cherries crucial for our Piña Coladas

During 2019 past trade disruptions, the Commodity Credit Corporation Charter Act use implemented a $1.4 billion program through the Agricultural Marketing Service (AMS) to buy surplus commodities impacted by trade retaliation, like fruits, vegetables, processed foods, beef, pork, lamb, poultry, and milk. These items at lower price than export prices were distributed by the Food and Nutrition Service (FNS) to food banks, schools, and other organizations that help low-income individuals.

2023 USA Cherries farmers export 47.33% to Canada and 14.16% to Mexico, if 2024 tariffs impose, can farmers recover their investment? Point of comparison one lb. of cherries $5.05 vs. one lb. of straws $3.12

Source: USDA & Agtools