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Thursday, April 28, 2016

Farm and Food Groups Ask Congress To Reject TPP

Criticism of the Trans-Pacific Partnership intensified after 160 farm, food, and faith groups sent a letter to Capitol Hill asking lawmakers to reject the pact.  The group said the main beneficiaries of TPP are companies that buy, process, and ship raw Ag commodities, and not farmers who face real risks from rising import competition.  They say TPP imports will compete against US farmers who are facing declining farm prices that are projected to stay low for years.  The White House has promoted TPP as an export boon for farmers.  The letter notes that past trade agreements have not always delivered on export promises.  The groups say the US total exports of corn, soybeans, and wheat have remained steady at 100 MMT for the last 30 years, despite a raft of free trade agreements since the mid-1990s.