As I look out my window at what is expected to be a bumper crop, I like many other farmers, worry about how we will create demand and find new markets for our surplus of corn. This is why it’s extremely important to the future of my farm and America’s farmers that our elected officials in Washington support the ratification of the Trans-Pacific Partnership (TPP).
The TPP is a trade agreement between the United States and 11 countries along the Pacific Rim, representing 40 percent of the world’s economy. It will remove trade barriers and allow U.S. farmers to compete on a level playing field in one of the world’s fastest-growing regions.
U.S. exports of corn and corn products to the TPP countries face tariffs as high as 40 percent. Under the TPP agreement, tariffs will be cut, offering new market access opportunities to U.S. producers and exporters of corn and corn products. The data is clear: nations who have trade agreements with U.S. become larger customers of our ag products.
The TPP will help the U.S. respond to the regional and bilateral trade agreements that our competitors have negotiated. Without receiving the same or better preferential access enjoyed by our competition, U.S. producers will be at a decided disadvantage at growing new markets over the next decade.
Active engagement around the world is critical to U.S. farmers winning the sales that trade agreements like the Trans-Pacific Partnership can provide. We urge lawmakers to support trade and pass the TPP.