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Iowa Politicians, IFBF Laud Passage of USMCA Agreement
Iowa Ag Connection - 01/17/2020

Iowa Secretary of Agriculture Mike Naig issued the following statement in response to the passage of the U.S.-Mexico-Canada Agreement (USMCA) by a bipartisan vote of 89-10 in the U.S. Senate.

"I want to thank President Trump for his commitment to negotiating better trade deals for America's farmers," said Naig. "This year, we've secured new agreements with Japan, China, Canada and Mexico -- four of our largest trading partners -- which gives producers greater market access for their products and a renewed sense of optimism heading into the 2020 growing season."

- Full implementation of USCMA could increase U.S. agricultural exports by $2.2 billion, according to the U.S. International Trade Commission.

- Iowa exports to Canada in 2018, according to WISERTrade.

o $198 million of ethanol

o $137 million of animal feed

o $108 million of pork

o $7 million of beef

o $86 million of corn

o $44 million of soybeans

- Iowa exports to Mexico in 2018, according to WISERTrade.

o $15 million of ethanol

o $229 million of animal feed

o $112 million of pork

o $1 million of beef

o $546 million of corn

o $224 million of soybeans

Governor Kim Reynolds said, "Iowa and the entire nation will reap the benefits of USMCA for years to come. Mexico and Canada are Iowa's top two trading partners and a strong trade relationship is critical for the entire economy. I believe USMCA is a strong, balanced, and modern trade agreement that will create opportunities for Iowa families, farmers, manufacturers, and small businesses by expanding markets for our world-class exports.

Iowa Farm Bureau Federation President Craig Hill added, "The passage of the U.S.-Mexico-Canada-Agreement (USMCA) marks a significant milestone for Iowa agriculture and several other industries. Mexico and Canada are the two largest export markets for U.S. agriculture, and the passage of USMCA will provide more freedom and certainty in the marketplace, fairer trade, and increased opportunities for Iowa farmers.

For Iowa farmers, the importance of USMCA is simple: one out of every three acres of crop production is exported, and one out of every four pigs raised are sent to markets outside our borders, Hill said. That growth must continue if farming in Iowa is to remain sustainable, as farm exports make up a huge portion of farmers' income and present countless opportunities. Here in Iowa, agriculture accounts for one out of every five jobs, so, clearly, what we grow and raise benefits not just farmers, but many other economic sectors in this state.

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