Statement by Steve Nelson, President, Regarding Continuation of KORUS Trade Agreement
LINCOLN, NEB. – “We are extremely pleased by today’s announcement that the United States-Republic of Korea Free Trade Agreement (KORUS) will continue into the future. For months, Nebraska’s farmers and ranchers have dealt with the uncertainty surrounding whether President Trump would withdraw from the KORUS agreement and weaken the relationship with our South Korean trade partners.”
“Nebraska Farm Bureau’s own economic analysis* shows the KORUS agreement was worth roughly $340 million to Nebraska agriculture in terms of total exports in 2016. On an individual basis our analysis shows the KORUS agreement is worth $34.35 cents per-head to Nebraska beef producers and $11.52 cents per-head for Nebraska pork producers. The fact this trade agreement will continue is a win for Nebraska agriculture, our farm and ranch families, and Nebraska’s broader economy.”
*U.S. – Korea Trade Agreement (KORUS) and Nebraska Agriculture
The Nebraska Farm Bureau is a grassroots, state-wide organization dedicated to supporting farm and ranch families and working for the benefit of all Nebraskans through a wide variety of educational, service and advocacy efforts. More than 61,000 families across Nebraska are Farm Bureau members, working together to achieve rural and urban prosperity as agriculture is a key fuel to Nebraska’s economy. For more information about Nebraska Farm Bureau and agriculture, visit www.nefb.org.