Impact of the TPP on the U.S. Dairy Industry
AAEA members conduct research for the USDA on historic trade agreement
The Trans-Pacific Partnership (TPP) is a historic, yet controversial trade agreement between 12 countries. While it was signed earlier this year, it still needs to be ratified in many countries, including the United States where it has become a significant issue in the race for President.
Many of the concerns have to do with keeping certain products from being exported and an increase in competition from other countries. In the U.S. one of the most sensitive of those products is dairy.
AAEA members Everett Peterson and Jason Grant of Virginia Tech University, at the request of the Office of the Chief Economist at the United States Department of Agriculture, conducted research titled “Impacts of the Trans-Pacific Partnership for U.S. and International Dairy Trade.”
Full results will be released at the 2016 Agricultural & Applied Economics Association (AAEA) Annual Meeting in Boston, July 31 – August 2. The presentation is Monday, August 1, at 9:45 AM at the Marriott Copley Place, in Salon J on the fourth floor.
“It benefits U.S. dairy producers,” Peterson said. “There will be opportunities to increase exports and production of dairy products will be going up. And that is good for domestic producers.”
But what if Congress fails to ratify the TPP? How would that impact the U.S. dairy industry and producers’ bottom line?
If you are interested in setting up an interview before or during the meeting, please contact Jay Saunders in the AAEA Business Office.
AAEA Communications Manager