Mexico trade spat raises fears in farm belt as Latin American nation looks to ‘Plan B’

Getty Images A farmer harvests corn in Burlington Iowa.

There’s growing concern in agriculture industry about fallout from anti-Mexico rhetoric in the Trump administration hurting American farmers.

The prospect of a trade war with Mexico is particularly troubling for some in the nation’s farm belt given low-commodity prices last year hurt U.S. farm incomes and this year also looks to be tough. Furthermore, many of the key farm states where President Donald Trump found the strongest support in the election could suffer the effects of a trade war with Mexico.

“Mexico is a huge market for the agriculture economy of the United States,” said Kurt Hora, who grows corn and soybeans on about 1,800 acres in southeast Iowa and raises thousands of hogs. “We want to make sure we continue to get market access down there.”

Read the full story on CNBC

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.