The newly renegotiated trade agreement involving the United States, Canada and Mexico offers farmers a bit more security about markets for dairy, corn and other products, but hefty Mexican tariffs still in place hinder business, according to an agricultural trade specialist with The Ohio State University.
Under the new trade agreement, dairy farmers in the United States will have 3.75% more access to the Canadian dairy market. That means they’ll be able to sell more of their cheese, milk and other products there without those products getting taxed heavily at the Canadian border.
“Dairy farmers in Ohio should be happy,” said Ian Sheldon, an agricultural economist who serves as the Andersons Chair in Agricultural Marketing, Trade and Policy in the College of Food, Agricultural, and Environmental Sciences (CFAES).
The agreement also reassures corn growers, who may have worried about not being able to sell to Mexico, a significant importer of U.S.… Continue reading