The agricultural industry in Mexico is anxious to have the USMCA ratified and the United States is losing market share as the approval drags on. Goodwin, South Dakota farmer Todd Hanten just returned from a trip with the Soy Transportation Coalition to Mexico and he says they want the agreement in place to provide some certainty.
He says Mexico has been a top customer for the U.S., but Mexican companies that traditionally bought soybeans have turned to Brazil and Argentina to source their inputs.
Hanten says Mexico would prefer to buy not just soybeans, but many ag products from the U.S., for several reasons including a freight advantage.
Hanten says they toured Mexican soybean crush facilities and got an update on the progress they’re making in updating the ports and dredging to accept larger ships. He says that will expand opportunities for U.S. exports.
