Trade Analysts visit Minnesota to learn firsthand from soybean leaders, facilities
In order to better understand the U.S. soybean industry, two analysts from the U.S. International Trade Commission (USITC) visited Minnesota Soybean at the Mankato office Sept. 28 to learn from Minnesota Soybean Director of Market Development Kim Nill about grain handling, soy production and transportation.
“These individuals are statisticians who provide oilseed industry tariff, non-tariff barrier and other trade-related analysis and information to the legislative and executive branches of the federal government,” Nill said. “The main objective of their visit is to show them the soybean industry firsthand.”
After presentations by Nill and Minnesota Soybean CEO Tom Slunecka, USITC International Trade Analyst’s Marin Weaver and Lesley Ahmed said they were unaware of the nontarriff barriers within trade.
“While it is straightforward to mathematically model tarriff barriers, the nontarriff trade barriers covered today are very difficult to model,” Ahmed said.
Due to the efforts of senior Minnesota Soybean leadership, the USITC analysts also had the opportunity to visit the local CHS plant to tour a crushing facility.