Farmers for Free Trade, the national trade advocacy coalition including America’s largest ag and food associations released a reaction to new trade analysis from the National Corn Growers Association and the American Soybean Association. The analysis evaluates the impacts of a trade war on soybeans and corn, two of America’s leading ag exports. Bob Hemesath is the Board President for Farmers for Free Trade and says the analysis shows that American corn and soybean farmers would be devastated by the re-emergence of a trade war.
“The very real possibility that tariffs rise sharply would mean corn exports to China drop by well over 80 percent and soy exports would drop by half,” Hemesath says. “The analysis also shows that a trade war would reduce U.S. soybean and corn prices, which would harm rural economies across the country.” He also says a trade war would be a gift to our international competitors.
-NAFB