Wednesday, January 25, 2017

U.S. farm leaders like NAFTA

More than 130 agricultural trade groups and companies have sent a letter to President Donald Trump asking him to modernize the North American Free Trade Agreement (NAFTA) in a way that expands on gains it helped the sector achieve, reports Meatingplace Magazine.

The letter notes that North American intraregional food and agricultural trade is now largely free of tariff and quota restrictions and that it has been “a windfall for U.S. farmers, ranchers and food processors.”

Among those signing the letter are Cargill Inc., JBS USA, National Pork Producers Council (NPPC), National Turkey Federation, North American Meat Institute (NAMI), Smithfield Foods, Tyson Foods Inc. and the U.S. Meat Export Federation (USMEF).

U.S. food and agriculture exports to Mexico and Canada have more than quadrupled under NAFTA, growing from $8.9 billion in 1993 to $38.6 billion in 2015, according to the letter.

It is, however, a high priority for the U.S. dairy industry to gain increased access to the Canadian market.