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If NAFTA sees major changes, farmers may pay the price

from The Washington Post

In mid-May, President Donald Trump sent a letter to Congress saying he will renegotiate the North American Free Trade Agreement (NAFTA) starting as early as August of this year. The letter was the first of many steps required to alter the 23-year-old agreement, which promotes free trade among the United States, Canada and Mexico. It came soon after Trump nearly withdrew from the agreement altogether. For the agricultural industry, which relies on exports through NAFTA for nearly $40 billion of revenue, serious changes could prove devastating. In a field where products are essentially interchangeable — Argentinian corn works just as well as American — being able to offer cheaper products to consumers abroad via free trade agreements is vital to opening and keeping markets. more

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