Agricultural News
ITC Holds FTA Hearing
Wed, 03 Mar 2010 18:07:35 CST
R-CALF USA CEO Bill Bullard, testifying before the U.S. International Trade Commission on Wednesday, continued to hammer home the views of his organization on the negative impact flawed free trade agreements have on the U.S. live cattle industry. The organization has long held that the well-being of rural america hinges on the success or failure of the U.S. live cattle industry. The Commission was focusing on the proposed U.S. Trans-Pacific Partnership Free Trade Agreement that soon will be considered by President Obama.
During his testimony, Bullard said that while the U.S. has experienced increased trade, the welfare gains and increased prosperity promised by the free trade agreements and current trade policies have materialized neither for the hundreds of thousands of U.S. farmers and ranchers who raise cattle, nor for the rural economies those farmers and ranchers support.
Bullard also explained that any benefits that may have resulted from increased trade have been captured by the beef commodity industry and have not been allocated to U.S. cattle producers.
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