Farmers outside of supply managed commodities are praising the new United States-Mexico-Canada Agreement to modernize NAFTA.
Stability of markets is important for trading commodities and a completed North American trade deal will help remove concerns about potential change in the market.
“This agreement ensures that the existing strong trade relationship between Canada, the U.S. and Mexico will continue. This relationship is vital to the prosperity of the Ontario grain industry and the USMCA will provide stability that will benefit grain farmers across Ontario,” said Markus Haerle, chair, Grain Farmers of Ontario. “As this and other agreements, such as CPTPP are ratified, that stability will continue to grow.”
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Uncertainly in global markets has hit hog farmers hard – especially the effects of the U.S.-China trade war that dropped North American hog prices.
“We look forward to a stabilized pork market that will allow pork producers in Canada, the United States and Mexico to support one another in producing high quality pork and contributing to growing the economy in their respective countries,” said Rick Bergmann, chair of the Canadian Pork Council.
Pork is the poster child for North American economic integration, so an agreement that allows that to continue will mean less disruption in the sector. That integration helps encourage farmers in Canada and the U.S. to work together on areas such as animal health, the organization said.
