Mexico is considering implementing a trade ban on corn from the United States, a move that could have significant effects on farmers in Oklahoma. Oklahoma is primarily a producer of genetically modified corn, with around 25% to 30% of the crop being exported. Most of the corn is used for ethanol, starch, sweeteners, and livestock feed, which could impact the price of meat in the long run.
If the ban goes into effect, it could result in a saturated market for corn, affecting prices for feed and meat. Oklahoma farmers, who buy seeds months in advance, may face challenges if they have excess corn on hand. The proposed trade ban is part of an ongoing trade war, with the Trump administration imposing tariffs on steel and aluminum imports.
According to Oklahoma State University professor Josh Lofton, any tariffs with Mexico would not directly impact Oklahoma growers, but the indirect consequences could be significant. Farmers in states that export corn to Mexico could see their markets affected, leading to potential price decreases. This trade ban highlights the interconnected nature of the global agricultural market and the potential consequences of trade disputes between countries.
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