As Agriculture Secretary Vilsack said today during a national media call, Congress must now take action on an important part of President Obama’s jobs agenda: new trade agreements with Colombia, Panama and South Korea and trade adjustment assistance to help train workers for the 21st century economy. When approved, these agreements will clear the way for new American exports around the world, help create jobs and provide new income opportunities for our nation’s agricultural producers, small businesses, and rural communities.
What these three agreements come down to is opportunity. For American agriculture, passage of these agreements means over $2.3 billion in additional exports, supporting nearly 20,000 jobs here at home. Read more »
Secretary Vilsack on the Mississippi River with a grain elevator towering behind him, highlighted how the Korea trade agreement would eliminate tariffs on two-thirds of all U.S. ag exports to Korea and bring $1.8 billion export growth.
I spent yesterday in St. Louis, talking about the importance of trade and smart trade deals to America’s rebounding economy. Within 500 miles of St. Louis, farmers are producing more than three quarters of the nation’s corn and soybean crops, injecting $75 billion into the global economy, supporting 265,000 jobs, and producing $131 billion in crops and livestock. Meanwhile, the Mississippi River moves about 500 million tons of cargo each year, including 60 percent of the nation’s grain exports, accounting for $8.5 billion in exports. USDA recently reported that grain barge traffic around St. Louis is up 126 percent over last year, underscoring the importance of St. Louis to the national economy as a hub for U.S. farm exports. As the heart of the nation’s farm economy, St. Louis is pumping life into the overall economy. Read more »