Ports-to-Plains Investors
Index

 

 

Newsletters

      Ports-to-Plains



 

 

 

 

 

Ports-to-Plains Alliance

« How to Keep NAFTA Dressed for Success | Main | New ATRI Research Provides Clear Guidance on Infrastructure Investment »
Thursday
Nov162017

Terminating NAFTA Would Devastate American Agriculture: The View of a Wheat Farmer

U.S. Chamber of Commerce

November 16, 2017

On average 50% of wheat grown in the United States is exported around the world, making trade a vital market to myself and fellow wheat growers. Our main message in North American Free Trade Agreement (NAFTA) re-negotiations is “Do no harm.”

NAFTA is one of our most important trade agreements. Just last year alone, Mexico was our largest export market with about three million metric tons of wheat and is consistently in the top ten. Prior to NAFTA, U.S. wheat was subject to high tariffs and other trade barriers in Mexico. With zero duties and lifted tariffs, exports to Mexico increased by 400% ten years after implementation of NAFTA, compared to ten years prior to NAFTA.  

While we hope calls for withdraw are just rhetoric, we are taking this threat very seriously. In fact, threats alone have already hurt U.S. wheat. When it comes to commodities, if a customer is unsure of the reliability of their source, they will look to our competitors. Mexico has done just that after a trade mission to Argentina and Brazil in May which led to Mexican millers purchasing Argentina wheat. The first shipment purchased by eight companies will be made in late December and will be 30,000 metric tons of wheat as a trial.

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>