The National Corn Growers Association President Lynn Chrisp today released the following statement after an announcement that the United States, Canada, and Mexico reached an agreement in principle on the North American Free Trade Agreement (NAFTA), renamed the US-Mexico-Canada Agreement (USMCA).
"Farmers across the country have been closely following NAFTA negotiations and reminding the administration of its promise to 'do no harm' to agriculture."
"NAFTA has been an unequivocal success story for American agriculture, opening markets that since enactment have become vitally important to U.S. corn farmers, and providing certainty to farmers and the rural economy. We applaud USTR for reaching a new agreement and look forward to thoroughly evaluating it to determine if it continues to benefit American agriculture."
Last year the United States exported $3.2 billion of corn and corn products to Mexico and Canada, supporting 25,000 rural jobs. The U.S. Chamber of Commerce estimates that trade with Canada and Mexico supports 14 million U.S. jobs across many sectors.
Information provided by the National Corn Growers Association.