Fiji Time: 5:40 AM on Monday 19 February

Fiji Times Logo

/ Front page / Archives » Article Index

Farmers lose if deal collapses

Tuesday, January 30, 2018

CHICAGO/MONTREAL - A collapse of the North American Free Trade Agreement (NAFTA), which US President Donald Trump has threatened to scrap, could create the most profound disruption for US farmers who produce grains, meats and dairy products sold to Canada and Mexico.

Blake Erwin, a third-generation American who raises cattle, corn and soybeans in Dixon, Nebraska, said on Saturday that he is not closely monitoring the negotiations, but that he hopes the outcome will support US farmers who are struggling to make a living because of low commodities prices, rising healthcare costs and high property taxes.

"A trade agreement has to be fair for the United States, but we also want to keep those exports going for the farmer," said Mr Erwin, 34. "We don't want to mess up any good things we got going."

Mr Erwin spoke to Reuters over the weekend as US, Canadian and Mexican negotiators met in Montreal for the sixth of seven planned rounds of talks to revamp the 1994 pact.

US farmers and exporters are fighting to preserve their exports at a time when Canada is finding customers in new markets.

They also face strained relations between the United States and Mexico, a major buyer of US corn, wheat, beef, pork and dairy products.

"The US is behaving so badly it's going to create opportunities for Canadian agriculture," Iowa State University economist Dermot Hayes said last week during a visit to Winnipeg.

Trade flows have already begun to shift.

The United States remains the dominant grain supplier to Mexico. Yet Mexico imported 583,000 metric tonnes of corn from Brazil in 2017, a 980 per cent jump from the previous year, according to Mexican government trade data.

Mexican imports of US soybean meal, used to feed chickens and livestock, fell 29 per cent in the first 11 months of 2017, compared with the same period the previous year, according to the US Department of Agriculture.

Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Code Inward TTs Outward TTs
CAD 0.62960.6106
JPY 54.089651.0896
GBP 0.35640.3484
EUR 0.40330.3913
NZD 0.68710.6541
AUD 0.63800.6130
USD 0.50590.4889



Exchange Rate updated on 16th, February, 2018

Today's Most Read Stories

  1. Workers walk out
  2. Biman refutes claims on sector
  3. Kuruvakadua slams landowners
  4. Dengue alert
  5. My commitment is unwavering: PM
  6. Plant more cane, urges Bainimarama
  7. Feeding the needy
  8. Top honours for tourism stalwarts
  9. RFMF deploys team to assess damage
  10. FRA awards contracts, sets targets

Top Stories this Week

  1. Love is patient and always kind Wednesday (14 Feb)
  2. TC Gita: At its closest now Tuesday (13 Feb)
  3. Gita packs power Tuesday (13 Feb)
  4. TC Gita: Eye close by at 9pm Tuesday (13 Feb)
  5. TC Gita: Devastation clear Tuesday (13 Feb)
  6. TC Gita: Rooftop gone at Doi Tuesday (13 Feb)
  7. Engine fire forces Fiji Link return Tuesday (13 Feb)
  8. Woman to appear in court on rape charge Monday (12 Feb)
  9. None like Gita Friday (16 Feb)
  10. Gita threat Monday (12 Feb)