YOUR TEXAS AGRICULTURE MINUTE
Agriculture waits for crucial USMCA vote
By Gene Hall
USMCA does not roll off the tongue like NAFTA, but it is an upgrade over the old North American Free Trade agreement. USMCA is the product of negotiation between the U.S., Mexico and Canada, but it requires Congressional approval.
USMCA is an improvement in several ways. First, there is more access to the Canadian dairy market, which we’ve been locked out of for decades.
NAFTA has been a good deal for Texas and especially for agriculture. Under it, U.S. agricultural exports to Canada and Mexico increased by 288 percent. The two U.S. neighbors are our second and third largest market, trailing only China.
U.S. and Texas agriculture need a trade win. USMCA deserves a vote in Congress. Soon.
Net farm income in America has declined by half in the last six years. Without a robust trade environment, it’s difficult to see how that can improve.
The preceding commentary is brought to you by Texas Farm Bureau, the “Voice of Texas Agriculture.” Called “Your Texas Agriculture Minute,” TFB will issue thought-provoking editorials each week—via print and audio—to spark understanding of agriculture in the Lone Star State and its impact on each and every Texan.
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