Recent trade agreements between the United States and several global partners are set to significantly benefit American farmers and ranchers, according to the latest Market Intel from the American Farm Bureau Federation (AFBF).

“Trade is essential to the success of America’s farmers and ranchers,” said AFBF President Zippy Duvall. “Strong and enduring agreements help connect U.S. farmers to global markets and Farm Bureau has long been a strong advocate for leveling the playing field for American-grown products. We appreciate that the administration is making agriculture a priority in, ongoing trade discussions. Opening new markets and working to strengthen existing partnerships will help ensure U.S. farmers can continue leading the world in producing safe, sustainable, and affordable food for America’s families and families around the world.”

“Arizona’s farmers and ranchers are excited to learn about these new trade deals,” added Arizona Farm Bureau President John Boelts. “There are numerous high-quality products that we produce more of than what our U.S. consumers can consume, so it’s wonderful news to hear of new Pacific Rim nation alliances, as well as high-value, mature markets, like those in the EU and UK, working with the Trump Administration to produce new fair-trade agreements. 

The agreements, finalized ahead of an August 1 deadline set by the Trump administration, include the European Union, Japan, the Philippines, Indonesia, Vietnam, and the United Kingdom. The administration had warned of reciprocal tariffs if new terms were not reached.

The AFBF Market Intel highlights agriculture’s role in the U.S. economy, noting that over 20% of U.S. farm production is exported, generating $2.06 in domestic economic activity for every dollar of agricultural exports. In 2023, U.S. agricultural exports reached $175.5 billion, supporting an additional $187 billion in related economic activity, totaling over $362 billion.

“These trade deals not only bolster farmers but also drive economic growth and job creation nationwide,” the report states.