The American Farm Bureau Convention is underway in San Antonio, Texas! Farmers and ranchers gather as the USCMA trade deal review process for next year takes center stage.
According to AFBF’s Dave Salmonsen, “There is a built-in review process to make sure that the agreement is living up to what the three countries want it to. So, the U.S., Canada, and Mexico, each country will start thinking about it this year, defining their goals, and really deciding is this merely a review, look at some tweaks, how is it working, or is this going to be a real negotiation? Are there real big substantive issues that need to be changed and renegotiated?”
However, despite the process in place, Salmonsen warns there are several outside factors that could influence it.
“President Trump has issued an executive order called the America First Trade Policy, and it’s really a direction for all federal agencies to look at a variety of trade issues, but specifically on the U.S.-Mexico-Canada agreement. So there certainly is an opportunity and a potential that all this discussion about USMCA may not wait till 2026,” he adds.
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Jack Hubbard, with the Center for the Environment and Welfare, shares context and perspective on the controversial letter about Prop 12 circulating in Washington and how a review shows it misled the public.
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From tariff talks in Europe to SCOTUS uncertainty and rising farm losses, analysts say policy and global supply will shape grain markets in the year ahead.
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