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May 26, 2016
The American Soybean Association (ASA) and other farm groups led briefings in both the House and Senate to educate agriculture and trade staffers on the benefits of the Trans-Pacific Partnership (TPP) during Agriculture TPP Week in Washington D.C.
With the release of the International Trade Commission report last week, the agriculture community was able to tout a number of potential gains if the TPP deal is passed.
According to the report, by 2032 exports to TPP nations would increase by $27.2 billion and the agricultural economy in the U.S. would grow by $10 billion, the greatest gain of any American industry sector. For soybean farmers, the benefits of the TPP come in the form of increased soybean meal sales domestically to meet demand created by increased meat exports to TPP nations.
