“The U.S. International Trade Commission’s report on the value of the proposed Trans-Pacific Partnership drives home the benefits the agreement would bring to America’s farms and ranches,” AFBF President Zippy Duvall said in a statement issued Thursday May 19, 2016.
Duvall pointed out that Farm Bureau’s analysis indicated farmers and ranchers would stand to gain $4.4 billion a year in added farm income with U.S. agricultural exports growing by $5.3 billion a year upon implementation of TPP.
“The ITC report suggests things could be even better, showing farm income up by $10 billion a year driven by net agricultural exports growing by $4.5 billion a year by 2032,” he said. “U.S. agriculture depends on agreements like TPP to break down trade barriers and level the playing field in markets around the world. Farm Bureau will continue to urge Congress and the administration to get this deal done.”
ITC news release