Japan-U.S. Agriculture Agreement Could Help U.S. Catch Up to Global Competitors
Farmers, ranchers and many others involved in U.S. agriculture are eagerly awaiting the announcement of a mini-trade deal between the United States and Japan, a long-time, steady customer of U.S. ag products. Over the last 20 years, ag exports to Japan averaged $10.7 billion, dropped only once below $8 billion ($7.9 billion in 2005), and reached $12.9 billion in 2018. Japan is already the fourth-largest buyer of U.S. farm and ranch goods –…