U.S. withdrawal from the North American Free Trade Agreement (NAFTA) would not only undercut Nebraska’s farm and ranch families, but harm the underlying foundation of Nebraska’s agriculture based economy, according to a new report released by the Nebraska Farm Bureau this week.
The report, “North American Free Trade Agreement and Nebraska Agriculture,” provides a dollars and cents breakdown of the value of NAFTA to farmers, ranchers, Nebraska counties, and the implications to Nebraska’s broader economy.
The report noted that Cuming County could be one of the four in Nebraska that would take the biggest hit. The value of its exports to Mexico and Canada in 2016 was estimated at $31.5 million, and $34,415 per farm.
The other three counties with exports of more than $30 million are Platte, $36.6 million; Custer, $32.2 million, and Holt, $30.5 million.
“Today, nearly half of Nebraska’s total agriculture exports are bound for Canada and Mexico, our NAFTA partners. While we’ve known for years that NAFTA plays a critical role in providing underlying price support for Nebraska agriculture commodities, this economic analysis quantifies what this agreement means at the farmer, rancher, and county levels,” said Steve Nelson, Nebraska Farm Bureau president.
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