By Blake Jackson
Corn growers are pushing to open new foreign markets to help boost exports and support rural America. Recent trade efforts, including a deal with the United Kingdom, have presented exciting opportunities for U.S. farmers.
The new agreement reduces tariffs on U.S. ethanol exports to the UK, potentially increasing exports by up to $700 million.
The focus doesn’t stop with the UK. U.S. corn growers are eager to engage with India, a country of 1.4 billion consumers, which has been a challenging market due to trade barriers, especially regarding genetically modified (GM) corn and ethanol.
In an online press conference, NCGA President Kenneth Hartman Jr. highlighted India’s potential as one of the largest markets for U.S. corn exports. India’s growing dairy industry and ambitious ethanol blending program offer tremendous opportunities for U.S. corn growers.
According to NCGA economists, removing India’s restrictions on GM corn could create a $235 million export opportunity annually. Additionally, supplying India’s sustainable aviation fuel market could generate $434 million in the first year.
“India is one of the largest market opportunities for U.S. corn exports,” said Hartman. “We are optimistic that these efforts will create long-term economic benefits for farmers and rural communities.”
Beyond India, the NCGA is pushing for additional agreements with countries like Vietnam and Kenya, aiming to expand market access for U.S. agricultural products.
This ongoing effort is crucial for U.S. corn growers who face challenges from domestic tariffs and trade disputes.
To support these efforts, visit the NCGA website and join your state corn grower organization to help advocate for new trade opportunities.
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Categories: Kentucky, Business, Crops, Corn, Government & Policy