New Report Shows Lack of Trade Agreements Hurts Industry

The House Ways and Means Committee members Dave Camp (R-Mich), Frank Lucas (R-Okl.) and Kevin Brady (R-Texas) have issued statements regarding the third anniversary of a bipartisan compromise designed to move American trade ahead. Although the compromise was issued three years ago, little has been done with the trade policy to help trade move ahead.
The stalling has not improved conditions but instead hurt the American agriculture industry by failing to move ahead on pending trade agreements.
Lucas pointed out that exports are “critical to the vitality of rural America. They add much needed capital in rural communities for reinvestment and economic development.”
Camp added that the trade agenda has collapsed at this point because of the current administration. “American workers are worse off and falling further behind our competitors as shown by the study we released today.” Camp feels that 15 million Americans are unemployed and instead of talking about creating jobs, the industry needs to focus on export and actually make jobs.
“American farmers and ranchers lose economic opportunities every day that Congress fails to pass the Colombian free trade agreement,” Lucas said.
Inflation fears? Refinance with Farm Plus before farm loan rates rise. Farm loan rates starting at 2.99% with 25 year terms. Visit our website or call, toll free, 866-929-5585.