LINCOLN, NEB. – “We are certainly disappointed with President Trump’s decision to sign an executive order withdrawing the U.S. from the Trans-Pacific Partnership (TPP). Economic analysis conducted by the Nebraska Farm Bureau showed that virtually every county in Nebraska would have been positively impacted by the agreement with the state as a whole projected to see increased agricultural cash receipts by more than $378 million annually.“
“The TPP reflected a major opportunity for the farmers and ranchers who grow and raise Nebraska’s top commodities including beef, pork, corn, and soybeans. Over $150 million or nearly 40 percent of Nebraska’s projected increase in sales of agriculture products under TPP would have come from the sale of Nebraska beef into TPP countries. Nebraska pork producers would have also seen growth opportunities with Nebraska pork sales statewide expanding by more than $39 million annually. Finally, our corn and soybean farmers would have seen annual growth of over $76 million and $34 million respectively.”
“It is imperative that the Trump Administration now work on other ways to expand agricultural trade. While we continue to support all of our previous free trade agreements, including the North American Free Trade Agreement, which has quadrupled U.S. agricultural exports to Canada and Mexico, we stand ready to work with the new administration to help expand and develop new markets for Nebraska agricultural products.”
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.