Free Trade Agriculture Essay

Pages: 2 (617 words)  ·  Bibliography Sources: ≈ 3  ·  File: .docx  ·  Level: College Senior  ·  Topic: Agriculture

Free Trade Agriculture

The issue of agriculture and its free trade attempts has generated a series of divergent opinions around the subject. Some experts consider that free trade in agriculture is a desirable opportunity that would help economies, while other experts state that this would only harm small farmers.

A series of free trade agreements have already been implemented between certain countries. For example, the North American Free Trade Agreement (NAFTA) began in 1994 and was designed in order to remove trade tariff barriers among the United States, Canada, and Mexico. The agreement includes agricultural provisions (USDA, 2008).

The benefits of NAFTA include: it accounted for 55% of the U.S. agricultural export growth, 258,000 U.S. jobs were created, the average annual growth reached $847 million, Canada became the no. 1 U.S. export market, Mexico became the no. 2 U.S. export market, U.S. became the no. 1 export market for Canada and Mexico, exports of food and agricultural products reached record values, producers in these countries benefit from a series of opportunities, agricultural markets in these countries have increased (USDA, 2006).

The effects of agricultural trade liberalization are numerous and diverse. Certain categories of individuals like consumers might receive a series of benefits, while other categories, like small producers, will have to face a series of threats.

Free trade in agriculture would most likely lead to raising economic growth, raise that is estimated at 0.43-0.46% (Fabiosa, 2008). Economic growth will be influenced only in developing and industrialized countries.

Buy full Download Microsoft Word File paper
for $19.77
Another immediate result of trade liberalization consists in the fact that commodity prices across the world would have to increase by 3-34%. This means that domestic prices would be lower. As a consequence, in low income countries food consumption is likely to increase.

Essay on Free Trade Agriculture Assignment

Free trade in agriculture is supported by a number of countries, like Australia, Canada, and the United States… [END OF PREVIEW] . . . READ MORE

Two Ordering Options:

?
Which Option Should I Choose?
1.  Buy full paper (2 pages)Download Microsoft Word File

Download the perfectly formatted MS Word file!

- or -

2.  Write a NEW paper for me!✍🏻

We'll follow your exact instructions!
Chat with the writer 24/7.

Free Trade and International Economics System Essay


Trade Issues Surrounding an Internationally Traded Good Term Paper


Global Community Free Trade Impacts Every Level Term Paper


Trade Agreements Essay


Does Free Trade Help Agricultural Development in Africa? Essay


View 200+ other related papers  >>

How to Cite "Free Trade Agriculture" Essay in a Bibliography:

APA Style

Free Trade Agriculture.  (2008, December 7).  Retrieved May 27, 2020, from https://www.essaytown.com/subjects/paper/free-trade-agriculture/5346768

MLA Format

"Free Trade Agriculture."  7 December 2008.  Web.  27 May 2020. <https://www.essaytown.com/subjects/paper/free-trade-agriculture/5346768>.

Chicago Style

"Free Trade Agriculture."  Essaytown.com.  December 7, 2008.  Accessed May 27, 2020.
https://www.essaytown.com/subjects/paper/free-trade-agriculture/5346768.