As Election Looms, TPP Backers Push Adoption

October 13, 2016 05:19 PM
 
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Supporters of the Trans Pacific Partnership (TPP) are increasingly concerned that the window to tap into new Asian markets is closing.

Both Donald Trump and Hillary Clinton say they oppose TPP, and that just leaves three months for President Obama to convince Congress to get the deal done. But with increasing resistance to TPP in Congress, analysts believe the chances of passage are growing slim.

At stake for American farmers and ranchers is an increase in food exports that would amount to about $5 billion annually.

Producer groups such as the American Farm Bureau, the National Pork Producers Council and the National Cattlemen’s Beef Association believe TPP is the biggest commercial opportunity for agriculture in modern history. NCBA President Tracy Bruner says his organization has called on Congress to pass the agreement. In a statement issued earlier this year, Bruner said “TPP would not only lower the taxes on U.S. beef into critical markets like Japan and level the playing field with our competitors, it would provide a boon to the entire U.S. economy.”

According to estimates by the US International Trade commission, overall beef exports would be about $876 million higher once TPP is fully implemented and that it would have a moderate impact on U.S. beef imports.

Bruner said the markets represented by TPP “add value to every head of cattle raised and fed in the United States.” 

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Comments

 
Spell Check

Paul
Fort Benton, MT
10/16/2016 11:08 PM
 

  Estimates by the "US International Trade commission" place beef exports at best $875MM which equates to roughly 630,000 head of fat cattle. Or one weeks beef kill (supply). I don't see that as a save all for the American farmer/rancher. In my judgement TPP is only good for the large multi national companies and those interested in a one world government. NCBA Bruner needs to put his hat in hand and do a little thinking along with the American Farm Bureau, the National Pork Producers Council. His advice appears to be good advice. If your only interested in more Ag business consolidation. Only multi national companies stand to gain. As they move product both ways. If you ship something to a foreign market. The ship needs to return and more than likely to bring something back to the USA. I'd rather have a nation more or less self sufficient. Which depends on American business who's labor supports the farms and rancher by buying US raised and made.

 
 

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