Farmers Urge Strong Global Trade Policies to Protect Agriculture
Trade is Crucial for U.S. farmers, ensuring access to global markets and driving economic growth says the Farm Bureau. Over 20% of farm income comes from exports, reinforcing the importance of international partnerships.
"With 95% of the world’s consumers living outside of the U.S., keeping strong ties with global partners ensures our farmers have access to the markets they need."
The top three buyers of U.S. farm products are Mexico, Canada, and China. Combined, they accounted for nearly half of U.S. agricultural exports in 2024. Trade disruptions with these nations would raise costs and limit market opportunities.
Imports are equally important for farming operations. For example, U.S. farmers rely on potash fertilizer, 85% of which comes from Canada. Rising import costs could impact farm productivity and increase grocery prices.
Retaliatory tariffs from China and Canada are already in place, with China imposing up to 15% tariffs on U.S. farm goods and Canada introducing a 25% tariff on multiple products. These actions could price U.S. agricultural exports out of major markets.
To ensure economic stability, policymakers must work to expand trade rather than limit it. Farmers are already struggling with rising supply costs, inflation, and lower commodity prices. Strengthening international trade agreements will be crucial in securing the future of U.S. agriculture.