The Trump administration plans on using tariffs – or higher taxes on foreign goods – as a negotiation tool to benefit U.S. consumers. Hiccups could come into play if our trading partners retaliate with their own tariffs. What would that mean for agriculture? Chuck Nicholson is an associate professor in ag economics and dairy science at UW-Madison. He’s created some models to predict what the exact cost would be for a Wisconsin dairy farm if our top trading partners retaliated. He reminds us, that this is not a prediction of the future, just a model to help decision-makers.

The Trump administration plans on using tariffs &ndash; or higher taxes on foreign goods &ndash; as a negotiation tool to benefit U.S. consumers. Hiccups could come into play if our trading partners retaliate with their own tariffs. What would that mean for agriculture? Chuck Nicholson is an associate professor in ag economics and dairy science at UW-Madison. He&rsquo;s created some models to predict what the exact cost would be for a Wisconsin dairy farm if our top trading partners retaliated. He reminds us, that this is not a prediction of the future, just a model to help decision-makers.

Join Pam Jahnke for the latest farm news. Heard daily on WOZN 96.7 FM and 1670 AM in Madison Wisconsin from 5-6am. Also heard on affiliate stations all over Wisconsin.

Join Pam Jahnke for the latest farm news. Heard daily on WOZN 96.7 FM and 1670 AM in Madison Wisconsin from 5-6am. Also heard on affiliate stations all over Wisconsin.

MID-WEST FARM REPORT - MADISON

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