Are farmers more or less in favour of USMCA than the average Canadian?

The dust has settled after the fanfare of trade negotiators moving on from NAFTA 2.0 and giving us the U.S.-Mexico-Canada agreement, a new, trilateral trade agreement that moves now to ratification within each of the three signatories.

Now, nearly a month out from the announcement, Canadians have sifted through news coverage and nearly half have come to the conclusion that this wasn’t a great deal for Canada. Angus Reid Institute recently released its findings of how Canadians view our country’s negotiation performance and this deal, and a full 45 per cent are ‘disappointed or very disappointed’ with the new trade agreement.

Source: Angus Reid Institue

For Canadian agriculture, perhaps the most reasonable, best-case scenario was what we got — there are no big gains in USMCA over what was already enshrined in NAFTA, but a deal vs. no-deal is great news for export-dependent commodities.

There are, without a doubt, losers in this new deal — Canada’s supply managed sectors gave up domestic market share and dairy will have to shut down its Class 6 and 7 milk component pricing categories.

Where do you stand? Do you think USMCA is positive or negative for Canadian agriculture?

 

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