The U.S.-Mexico-Canada Agreement was signed by the United States, Mexico and Canada in November 2018. When approved by the legislatures of all three countries, the agreement would replace the North American Free Trade Agreement (NAFTA)
NCGA supports USMCA because the new agreement will solidify a $3.2 billion export market and provide some certainty as farmers begin the hard work of planting and harvesting their crop. Ratifying USMCA will also instill confidence in other nations that the U.S. is a reliable partner and supplier, ensuring U.S. agriculture remains competitive for generations to come.
Mexico and Canada are the U.S. corn industry’s largest, most reliable market.
U.S. ag exports have tripled to Canada and quintupled to Mexico since NAFTA.
Mexico is the top buyer of U.S. corn, purchasing 25 percent of corn exports.
In 2016 alone, more than 17.3 million metric tons of corn and corn co-products were exported to Mexico and Canada, valued at $3.2 billion.
These exports produced $4.1 billion in economic activity, supported 25,000 jobs and 300,000 farms.
North American ag trade supports the economy beyond the farm gate.
In 2014, 17.3 million jobs were related to agriculture, more than 9 percent of total U.S. employment.
The food and beverage sector is the largest U.S. manufacturing sector, representing 12 percent of all U.S. manufacturing jobs.
The U.S. Chamber of Commerce estimates that NAFTA supports 14 million U.S. jobs.
Withdrawing from the existing NAFTA agreement, closing the U.S.-Mexico border, or implementing other policies that jeopardize the future of this important economic partnership, would be catastrophic for agriculture. Even the threat of such actions creates uncertainty for farmers. The loss of the North American market would amount to a $9.4 billion annual drop in agricultural exports and a $13 billion hit to the farm sector GDP.
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