Agriculture, along with many U.S. industries, is waiting for word on the finalization of a revamped North American Free Trade Agreement (NAFTA) deal. The deal may be close, but there are some sticking points.
The United States and Mexico came to an agreement on a trade program to continue NAFTA at least in part. Canada was waiting on the sidelines to see if a deal would be reached. Now, Canada is back at the table. One of the sticking points has been over Canada’s supply management program for dairy. However, they also have similar programs for poultry and eggs. So why is dairy the only focus? Dr. Al Mussel, the lead researcher with AgriFood Economic Systems based in Waterloo, Ontario, explains why.
Mussel says each country’s dairy program has different goals.
Mussel claims President Trump is turning a minor difference in policy into a major hurdle for the trillion-dollar trade deal.
While a deal has yet to be finalized, a revamped NAFTA agreement could go a long way to shoring up farmer confidence.