Press Releases

ISA, ICGA believe new deal with Canada and Mexico will benefit Hoosier farmers

Media Contact: Dave Blower Jr., dblower@indianasoybean.com, 317-644-0980

 

INDIANAPOLIS, Ind. (October 2, 2018) — Hoosier soybean and corn growers are encouraged by news that U.S. negotiators struck a deal with Canada on the evening of Sept. 30 to secure the new U.S.-Mexico-Canada Agreement (USMCA), replacing the 25-year-old North American Free Trade Agreement (NAFTA). The Indiana Soybean Alliance and the Indiana Corn Growers Association believes this new trilateral agreement will stabilize North American markets.

 

“As harvest season winds down, and with the continued tariff situation in China, it is critical for soybean growers to have access to markets that want our products,” said Phil Ramsey, an ISA board member and a Shelby County, Ind. farmer. “We welcome the news of a deal with Canada, and we look forward to Congress approving it within the next 60 days.”

 

Under NAFTA, U.S. soy exports to Canada and Mexico were almost $3 billion in 2017, and U.S. soy exports to Mexico have grown four-fold under the agreement. Mexico now serves as the second-largest export market for U.S. soybeans and meal. Last year the United States exported $3.2 billion of corn and corn products to Mexico and Canada, supporting 25,000 rural jobs.

 

“Re-opening reliable and accessible markets such as Mexico and Canada will help Indiana farmers, especially in light of the large 2018 crop being harvested right now,” said ICGA President Sarah Delbecq, who is also a DeKalb County, Ind. farmer. “We anticipate that this modernized agreement will serve all three countries for many years and hope it can contribute some much-needed economic stability for Indiana farmers.”

 

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The Indiana Soybean Alliance works to enhance the viability of Indiana soybean farmers through the effective and efficient investment of soybean checkoff funds and the development of sound policies that protect and promote the interest of Indiana soybean farmers. The ISA is working to build new markets for soybeans through the promotion of biodiesel, livestock, grain marketing, aquaculture, new soybean uses, and research. ISA is led by an elected farmer board that directs investments of the soybean checkoff funds on behalf of more than 28,000 Indiana soybean farmers and promotes policies on behalf of the ISA’s 800 dues-paying members. Visit www.indianasoybean.com for more information.

 

The Indiana Corn Growers Association board, which works with the state and federal governments to develop and promote sound policies that benefit Indiana corn farmers, consists of 9 farmer-directors who provide leadership to the organization on behalf of the nearly 800 ICGA members statewide.

 

This communication was not funded with corn or soybean checkoff dollars.