Trade Actions Improve Outlook for Kansas Corn Growers
The Kansas Corn Growers Association applauded two trade actions this week that improve the outlook for Kansas corn farmers. Today, the U.S. Senate passed the U.S.-Mexico-Canada (USMCA) trade agreement. On Wednesday, the U.S. signed the Phase 1 trade agreement with China.
“We’d like to thank our Kansas Senators Roberts and Moran for their leadership on getting the USMCA passed in the Senate,” Kansas Corn CEO Greg Krissek said. “This solidifies our trading future with our neighbors and key customers for corn and corn products.”
Mexico is the top export buyer for U.S. corn. Collectively, Mexico and Canada account for more than half of all U.S. exports of corn and corn products like ethanol, DDGS and red meat. The long-term stability provided by USMCA will further open the doors for increased ethanol exports to Canada and Mexico as they work toward an E10 gasoline baseline.
The U.S.-China Phase One agreement signed on Wednesday is a step in the right direction to resolving trade issues with China and restoring our trade relationship. KCGA supports the agreement, and joins the National Corn Growers Association in urging the administration quickly proceed with Phase 2 of the agreement and work to resolve retaliatory tariffs.
The Kansas Corn Commission has worked with partners like the U.S. Grains Council to build trade relationships and develop markets around the world to increase demand for corn and corn products. The value of exports to Kansas corn and corn products is worth nearly $645 million.
“In today’s global economy, export markets are more important than ever for our growers,” Krissek said. “The U.S. has the highest quality, most reliable supply of corn and other ag products. We will continue to work to build demand and market access for our products in China, Mexico, Canada and other countries around the world.”