(Posted Thu. Jan 10th, 2019)
NCGA is committed to creating new market opportunities for U.S. corn. This includes expanding market access for U.S. corn around the globe and securing our most important markets by injecting certainty back into our relationships with Mexico and Canada.
The North American Free Trade Agreement (NAFTA) has been an unequivocal success for American corn farmers. Since 1994, U.S. corn exports to these regional partners have increased 300 percent and Mexico is now the top export destination for U.S. corn.
Corn exports to Mexico were up nearly 13 percent for 2017/2018 from the previous year, reaching a record high of 15.7 million tons or 618 million bushels.
In 2016 alone, more than 17.3 million metric tons of corn and corn co-products were exported to Mexico and Canada, valued at $3.2 billion. These exports produced $4.1 billion in economic activity as well as supported 25,000 jobs and 300,000 farms.
Now, as Congress looks to consider the new U.S.-Mexico-Canada Agreement, it is imperative the Administration not withdraw from NAFTA before a new agreement is ratified. The data speaks for itself – these markets are vital to U.S. corn farmers and too important to put at risk.