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Ag trade deficit is multifaceted

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An economist with the American Farm Bureau Federation says the United States’ lack of participation in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership is impacting ag exports.

Betty Resnick tells Brownfield, “We’re specifically seeing that impact exports to Asia and as the CPTPP is entering into force for a lot of our big trading partners specifically, for example, Vietnam.”

“They’re starting to import more from countries besides the United States for a lot of products,” she says.

Ag trade deficit is multifaceted