Those working in agriculture worry what the effect of the 2016 presidential election on trade, especially after Monday night’s debate.
There seems to be a lot of disagreement when it comes to the Trans-Pacific Partnership and whether it is harmful or helpful to the U.S.
Republican presidential candidate Donald Trump and Democratic presidential candidate Hillary Clinton squared off on the debate stage and had a heated exchange over TPP and NAFTA.
This comes on the heels of several prominent politicians alluding to a potential vote on TPP in the lame duck session of Congress after the election.
According to a report out of Minnesota, Sen. Orrin Hatch, R-Utah, Chair of the Senate Finance Committee, says the upper chamber could consider TPP during the session. Rep. Kevin Brady, R-Texas, Chair of the House Ways and Means Committee, echoed Hatch in an interview with the Texas Tribune.
Farm groups are still continuing to push for the passage of TPP, including the American Farm Bureau Federation.
“We’ve estimated it’ll add $4.4 billion dollars to net farm income in the United States each year,” said Veronica Nigh, economist with AFBF. “There’s not a lot of places that I can think of where, for that very little investment, from a U.S. standpoint, we get that large of a return.”