By all accounts, the North American Free Trade Agreement has been a resounding success for agriculture. To ensure American farmers continue to have access to these important export markets, the new U.S.-Mexico-Canada Agreement (USMCA) needs to be ratified.
USMCA will solidify a $3.2 billion export market for corn farmers and provide some certainty as farmers begin the hard work of planting and harvesting their crop. Ratifying USMCA will also instill confidence in other nations with whom we want to enter into future trade agreements. Opening new markets will ensure U.S. agriculture remains competitive for generations to come.
Securing this new agreement allows America to compete. The United States has much more competition in North America now than when NAFTA was signed – Mexico has 46 Free Trade Agreements (FTAs) and Canada has 21.
If Congress does not approve USMCA, and the United States withdraws from NAFTA, American agriculture and rural communities would be devastated. A Perdue University and Farm Foundation study found that this action would amount to a $9.4 billion loss in agricultural exports annually.
For more information on what these markets mean to your state – https://www.fas.usda.gov/usmca-benefits-states
Take Action! Tell Congress to Pass USMCA