By Jamie Martin
Farmers understand that success depends on strong relationships, and trade is no exception. With 95% of consumers living outside the U.S., global partnerships are crucial for sustaining American agriculture. Exports contribute over 20% of farm income, generating additional economic activity across the country.
New tariffs, however, have raised concerns among farmers. As key trading partners introduce retaliatory tariffs, exports face risks. Tariffs on Canada, Mexico, and China could significantly impact U.S. farm income. These three countries accounted for over $83 billion in agricultural exports in 2024, nearly half of all U.S. farm exports.
"With 95% of the world’s consumers living outside of the U.S. keeping strong ties with global partners ensures our farmers have access to the markets they need."
Farmers also rely on imports for essential resources. For example, 85% of potash fertilizer comes from Canada, and price increases on such supplies strain farm operations. Rising costs can also affect rural communities and food prices.
Retaliatory tariffs are a major concern. China has imposed a 15% tariff on farm exports, while Canada has set 25% tariffs on several products. This could price U.S. farmers out of critical markets as buyers seek better deals elsewhere.
Looking ahead, farmers hope for trade stability. Rising costs and inflation already challenge the agricultural sector. Expanding trade access and resolving disputes quickly is essential for protecting farmers, rural communities, and America’s food security.
Photo Credit: american-farm-bureau-federation
Categories: National