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The Vice President says the trade agreement with Mexico and Canada would boost Iowa ag exports and create jobs.
As part of the deal, China is expected to ramp up purchases of U.S. crops and meats.
Latest USDA report shows corn stocks basically unchanged from last year.
Agreement is expected to boost exports of U.S. pork, beef and corn by leveling the playing field with competitors.
Producers with crop insurance will automatically receive the additional funds.
Fund traders head into harvest with a net-short held against the major grains
“The United States and Japan announced they reached an agreement on a trade deal that further opens agricultural markets for both countries and is welcome news for Iowa farmers. "
Ag counselor offers insight on Japan’s ag trade dependence during visit with Iowa Farm Bureau members at the Japanese embassy in Washington, D.C.
They urge Congress to pass the trade deal with Canada and Mexico to help farmers and protect jobs.
In both cases, farms are located near the border of infected countries.