Nebraska Cattlemen Applauds the Implementation of USMCA
Today the U.S. Mexico Canada Agreement (USMCA) has entered into force. This marks the beginning of a historic new chapter for North American trade by supporting more balanced, reciprocal trade, leading to freer markets, fairer trade, and robust economic growth in North America.
Trade agreements like USMCA are critical to Nebraska’s economy. As the state’s number one industry, beef cattle production had a $13.8 billion economic impact in Nebraska in 2018. USMCA keeps the highly successful framework for U.S. beef trade in place with our closest trading partners and brings much needed certainty to farmers, ranchers and rural communities in the midst of a challenging year. USMCA updates the North American Free Trade Agreement (NAFTA) to reflect our modern economy, while preserving duty-free, unrestricted access for U.S. Beef exports to Canada and Mexico – worth roughly $1.8 billion.
“Nebraska leads the nation in commercial red meat production and depends on reliable, unrestricted access to our two closest trading partners, which totaled over $250 million worth of beef exports from Nebraska last year. We commend the leadership of our elected officials in this effort.” – Ken Herz, President – Nebraska Cattlemen