Membership keyboard_arrow_down
  • Become a Member
  • County Farm Bureau
  • INFB Insurance
  • My Member Deals
  • Renew Your Membership
  • INFB Health Plans
  • INFB Health Plans FAQ
Our Programs keyboard_arrow_down
  • Agriculture in the Classroom
  • L.E.A.D. Program
  • Women's Leadership Committee
  • Young Farmers & Ag Professionals
Public Policy keyboard_arrow_down
  • National Issues
  • State Issues
  • Public Policy Team Contacts
  • Water
  • Take Action
  • Policy Development
  • Political Action Committees
  • Property Tax Notice of Assessments
  • Considerations for Solar Leases
  • Ag Economy Insights
News keyboard_arrow_down
  • Indiana Farm Bureau In the News
  • News Releases
  • Publications
  • Media Contact Information
  • Social Media
  • Podcast - The Breakdown with INFB
Events keyboard_arrow_down
  • Webinars and Recorded Calls
  • Events
Resources keyboard_arrow_down
  • County Farm Bureau
  • For Volunteers
  • Frequently Asked Questions
  • Scholarships and Grants
  • H-2A Labor Services
  • Buy from Local Farms
  • Mental Health Resources
  • Broadband Speed Test
  • Black Vulture Depredation
  • Hot Topics in Ag
About keyboard_arrow_down
  • Mission
  • Leadership
  • Staff
  • County Farm Bureau
  • History
  • Careers
  • Contact
Logout
Login
Join
My Account
search

Membership Our Programs Public Policy News Events Resources About Logout Login Join My Account
menu
  1. Home
  2. ...
  3. News
  4. News Article

News Article

News Article

Stay Informed

 

Study shows Indiana agriculture benefits from Trans-Pacific Partnership

Feb 23, 2016, 15:17 PM by Diane Brewer

Indiana Farm Bureau

NEWS RELEASE

 

 February 23, 2016

For more information: Kyle Cline, 317-692-7845, kcline@infb.org

Andy Dietrick, 317-692-7818, adietrick@infb.org
Jay Wood, 317-692-7825, jwood@infb.org

 

The American Farm Bureau Federation today released a state-by-state analysis of the economic impact of the Trans-Pacific Partnership trade and investment agreement. Nationally, the American Farm Bureau Federation estimates annual net farm income will increase by $4.4 billion, driven by an increase of direct U.S. agricultural exports of $5.3 billion per year upon full implementation of the TPP agreement.

“This report verifies what farmers in Indiana know to be true,” said Indiana Farm Bureau President Randy Kron. “Access to new and emerging markets like those in the TPP is critical to growing our state’s farm economy and creating new opportunities for Indiana farm families.”

In Indiana, the TPP agreement is expected to increase cash receipts and net exports by $196 million and $98.3 million per year respectively. It is estimated that the increased marketing opportunities for Hoosier farmers will add more than 740 jobs to the Indiana economy.

Eliminating tariffs and other trade barriers on Indiana’s agricultural exports to TPP partner countries will increase trade for a range of Indiana agricultural products, including pork, soybeans, beef and processed food products. Export sales are an important component of Indiana’s farm economy, which had total cash receipts of $13 billion in 2014.

The full report from AFBF is available at www.fb.org/issues/tpp/pdf/TPP Full Report.pdf. State fact sheets (including one for Indiana) can be found at www.fb.org/issues/tpp/.

“If we don’t move forward with TPP, we will fall behind,” said INFB national policy advisor Kyle Cline. “While TPP would only go into full effect if the U.S. ratifies the agreement, other countries will move forward with their bi-lateral or multi-lateral trade agreements regardless of whether or not we decide to ratify the agreement.”

The TPP is a multi-lateral agreement intended to create high quality rules and market access across its 12 participating members. However, outside of TPP, other member countries are already negotiating and implementing bilateral agreements without waiting for the United States to complete action. Failure to enact TPP will not see the U.S. trade situation stay the same, but will lead to declining net exports and market share in important and emerging markets.

-30-

News

Indiana Farm Bureau In the News News Releases Publications Media Contact Information Social Media Podcast - The Breakdown with INFB

 

 

Quick Links

  • Membership
  • Our Programs
  • Public Policy
  • News
  • Events
  • Resources
  • About
  • Careers

Terms & Policy

  • Terms of Use
  • Privacy Policy
  • Texting Privacy Policy
  • Texting Terms and Conditions

Get in Touch

  • 225 South East St. Indianapolis, IN 46202
  • P.O. Box 1290 Indianapolis, IN 46206
  • (800) 327-6287
facebook-icon twitter-page youtube-page instagram-page pinterest-page

Copyright © 2024 Indiana Farm Bureau®, Inc. is a member of the American Farm Bureau Federation®, a national organization of farmers and ranchers including Farm Bureau® organizations in 49 other states and Puerto Rico, and is responsible for Farm Bureau membership and programs within the State of Indiana.