Farms.com Home   News

CFA Happy To See CUSMA Ratified, Still Concerned About Supply Management

The Canada-United States-Mexico Agreement (CUSMA) was ratified last week.

Keith Currie is 1st Vice President with the Canadian Federation of Agriculture (CFA).

"A deal is better than no deal, however, we'll still working out how that's going to look for our supply managed system, with respect to any compensation for the loss that they negotiated away during this deal," he said. "By in large, for most of agriculture, it's going to be a positive. It's going to mean that our products are still going to flow back and forth between the three countries, that is a positive for us in agriculture because we are such large exporting nation."

Currie commented on the timing of the ratification.

"COVID-19 certainly is amplifying the need for agreements, no doubt, but I think just in general for trade, the U.S. is our largest trading partner. Getting this deal done to maintain that flow of goods and services, not only through all three countries, but in particular with the U.S., who we do the majority of our trade. I think it was just important to get the deal done."

Click here to see more...

Trending Video

$5 Corn, $12 Soybeans, $7 Wheat & $750 Canola! Is the Top In/Party Over?

Video: $5 Corn, $12 Soybeans, $7 Wheat & $750 Canola! Is the Top In/Party Over?


$5 corn, $12 soybeans, $7 wheat & $750 canola! Is the top in and the party over with lower crude oil and an end to the Iran war?
The 2026 USDA May report could see ending stocks fall further due to red-hot U.S. corn exports, lower HRW production and lower Brazil corn production?
OK HRW wheat tour sees crop down 50% + Kansas Quality Council Wheat tour next week.
Headline news that U.S. could import Brazilian beef weighed on cattle futures.
Headline news of pseudorabies disease found in hogs in Iowa and #1 buyer Mexico may restrict exports weighed on hog futures.
Stocks are on fire.
5 senators are in China planning ahead of the Trump/Xi meeting on May 14/15. CFTC.