A study from the Nebraska Farm Bureau finds withdrawal from the North American Free Trade Agreement (NAFTA) could cost farms in the state up to $55,000 each, annually. The report identifies the 2016 export value of individual Nebraska agriculture commodities to both Canada and Mexico.
Analysis in the report also assigns a dollar value of NAFTA on a unit basis for individual agriculture commodities, demonstrating how NAFTA supports commodity prices, but also what the loss of NAFTA could mean.
Nebraska Farm Bureau president Steve Nelson says the report shows withdrawing from NAFTA “would be damaging.” Nelson points out that nearly half of the state’s agricultural exports are bound for Canada and Mexico. He calls the idea of withdrawing from NAFTA “unfathomable,” saying farm and ranch families are already working through a struggling agriculture economy.
Find the report at www.nefb.org.
From the National Association of Farm Broadcasting News Service.