American Farmers Benefit Greatly From USMCA, AFBF Data Shows

According to analysis from the American Farm Bureau Federation, the U.S.-Mexico-Canada Agreement, better known as USMCA, continues to play a major role in American agriculture, as the trade deal enters a new phase of review.

Since NAFTA took effect in 1993, U.S. agricultural exports to Canada and Mexico have grown from about $9 billion to nearly $60 billion in 2024. According to the AFBF, Mexico is the largest export market for several major U.S. commodities, including corn, pork, dairy and poultry. Canada is the second-largest trading partner for U.S. agriculture and a major market for fruits, vegetables, forestry products and ethanol.

USMCA took effect in 2020, guaranteeing duty-free market access and providing mechanisms to resolve trade disputes. A full 16-year renewal was not agreed to July first, but the agreement remains in effect under an annual review process.

Farm groups say maintaining that stability and market access is critical as farmers face challenging economic conditions. AFBF added USMCA has "facilitated the flow of commerce among all three countries, at a cost savings to American farmers and ranchers. It is critically important that we take this opportunity to improve the agreement for the betterment of U.S. agriculture, but at the end of the day, the U.S. must renew the USMCA."

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