NCGA APPLAUDS HOUSE PASSAGE OF FREE TRADE AGREEMENTS

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(Posted Wed. Oct 12th, 2011)

Oct. 12:  National Corn Growers Association President Garry Niemeyer released the following statement in response to the House of Representatives’ passage of the free trade agreements with Korea, Colombia and Panama:

 

“NCGA applauds the House of Representatives for its swift passage of the pending free trade agreements a mere week after being transmitted. In May, NCGA testified before the House Agriculture Committee and outlined the importance of FTAs to America’s corn farmers.  During the testimony, NCGA reiterated that our nation’s corn farmers have much to gain when the FTAs are ratified.  This statement remains true today.  Farmers will see security of current export markets, increased exports of distillers grains and a significant increase in demand for corn co-products. 

 

“Korea is currently the United States’ third largest corn market.  With passage of the FTA, imports of U.S. corn for feed are guaranteed to enter duty free immediately.  It will also provide immediate access to duty-free distillers grains. This is a growing market we cannot afford to lose to our competitors.

 

“We appreciate the efforts by the House to increase meaningful and achievable access to foreign markets.  U.S. corn farmers stand ready to meet the growing global demand for corn.”