By Scout Nelson
Nebraska’s farm and ranch families rely heavily on international markets, with one-third of their income coming from exports. In 2024, the state’s top five agricultural exports generated over $3.5 billion. However, Nebraska’s economy faced difficulties, experiencing a 17% decline compared to 2023. The newly announced tariffs on key trading partners—Canada, Mexico, and China—have heightened economic concerns for farmers and ranchers.
Beyond exports, imports play a crucial role in U.S. agriculture. Canada supplies 80% of the potash fertilizer used nationwide, along with other vital agricultural inputs like energy and crop protection products. These imports are essential for sustaining production and maintaining stable farm operations.
While trade relationships with Canada, Mexico, and China remain essential, they also present challenges. Canada maintains strict policies to protect its dairy industry, Mexico enforces restrictions on genetically modified corn, and geopolitical tensions complicate trade with China. These issues add uncertainty for Nebraska farmers, who depend on stable markets.
During his first term, the previous U.S. administration aimed to shield farmers from trade disputes and retaliatory tariffs. Nebraska’s agricultural community continues to advocate for open and fair trade, seeking new agreements that expand global market opportunities. Moving forward, leadership must focus on securing beneficial trade deals that support agriculture and reduce economic uncertainty for farming families.
Photo Credit: nebraska-farm-bureau
Categories: Nebraska, Business