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PURDUE STUDY SHOWS U.S. FARM EXPORTS WOULD DROP $22 BILLION IF USMCA ISN'T APPROVED
Agri-Pulse reports:

U.S. farm exports could drop by as much as roughly $22 billion annually in a new worst-case scenario for North American trade, according to a new analysis produced by Purdue University researchers for the Farm Foundation.

That grim prediction would be a result of all three North American countries failing to ratify the U.S.-Mexico-Canada Agreement, the Trump administration pulling out the North American Free Trade Agreement, the continuation of U.S. steel and aluminum tariffs, and the failure of the U.S. to rejoin the Trans-Pacific Partnership.

"These negative trade impacts would be reflected in lower incomes for U.S. farmers, reduced agricultural land returns and farm labor displacement," the report says. "On average, such an export reduction is equivalent to $4,000 per person employed in the agricultural and food sectors."


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