New U.S. trade agreement good news for WI farmers, expert says

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(WQOW)- An agreement has been reached between the U.S. and Canada and it will help out Wisconsin farmers.

The North American Free Trade Agreement is now being replaced with the the United States – Mexico -Canada Agreement (USMCA).

USMCA is expected to open the Canadian dairy market to American farmers, which will open up markets for Wisconsin producers.

UW-Eau Claire Economics Professor Thomas Kemp said this stabilizes some of the relationships and makes it clear what the future terms are going to be.

“I hope that many Wisconsin dairy farmers as well as Wisconsin manufacturers are sort of breathing a sigh of relief,” Kemp said. “There’s been a lot of back and forth about the future of these trade relationships and that creates a lot of uncertainty. If I don’t know what markets I’ll have access to at what prices in the future it’s really hard to make plans with my business.”

Kemp said this should make it a better business environment for Wisconsin farmers.

 

Shannon Satterlee

Shannon Satterlee

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