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Iowa Farm Bureau applauds FTA passage

Iowa Farm Bureau is applauding Congressional passage of the free trade agreements with South Korea, Panama and Colombia.

The group’s director of research and commodity services, Dave Miller, says the agreement with South Korea will probably have the most direct impact on Iowa farmers.

“South Korea is emerging as a very significant buyer of beef and pork and corn and soybeans—four of the major commodities grown in Iowa,” Miller says.

Miller says Colombia and Panama are also significant purchasers of corn and soybeans—and to a lesser extent, pork and beef. 

According to an economic analysis from the USDA, the three agreements are expected to increase direct exports, from Iowa alone, by 162 million dollars—and add 1,460 jobs.

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