What a New Nafta Deal Can Mean for North American Agriculture

The transcript discusses the implications of a trade deal involving Mexico, Canada, and the US, focusing on the dairy industry and its impact on farmers and ranchers. It highlights the challenges in trade dynamics, protectionism, and economic implications, including the role of TPP. The discussion also covers wage and production concerns, and the stress on the US agricultural sector due to trade tensions with China.

What is a major issue for Canada in the trade discussions?

• Automobile industry

• Dairy subsidies

• Technology exports

• Oil imports

What was the US-Canada dairy trade ratio mentioned?

• 1 to 1

• 2 to 1

• 3 to 1

• 4 to 1

Which countries are top players in US agricultural exports?

• China and India

• Brazil and Argentina

• Mexico and Canada

• Germany and France

What is the perceived benefit of the trade deal for Mexican farmers?

• Increased oil exports

• More tourism

• Higher technology imports

• Better grain supply chains

What is a significant concern for US farmers regarding international trade?

• Lack of technology

• Decreasing domestic demand

• Retaliatory tariffs from China

• High labor costs

What was a misconception about the wage requirements in the trade deal?

• It is based on geographical production zones

• It applies to all industries

• Only US workers are affected

• All workers must be paid $16 an hour

What has been the impact of trade wars on US farmers?

• Significant financial stress

• Stable income

• More export opportunities

• Increased profits