For the growth and renewed prosperity of agriculture, particularly with farm income on a downward slope, current trading relationships must be preserved and new opportunities for agricultural trade must be secured, the American Farm Bureau Federation said in a recent statement to the Senate Agriculture Committee.
“Farm Bureau urges our trade officials to engage in discussions with our trade partners to resolve trade concerns before resorting to tariffs. Tariffs targeting our largest agricultural export markets have resulted in retaliation against U.S. farmers, ranchers and agricultural and food businesses across the country,” Farm Bureau said in the statement.
U.S. agriculture exported more than $140 billion in 2017, sending more than 25 percent of farm and ranch products to international markets. With many sectors of the agricultural economy dependent upon exports, farmers and ranchers are negatively impacted by the retaliatory tariffs many of the United States’ top trading partners have put in place in response to tariffs imposed by the U.S.