A NAFTA story that we don’t hear about
Thanks to NAFTA, Mexico lost 1.3 million farm jobs.The 2002 Farm Bill subsidized U.S. agribusiness by as much as 40 percent of net farm income.When NAFTA removed trade tariffs, companies exported corn and other grains to Mexico below cost.Rural Mexican farmers could not compete.At the same time, Mexico reduced its subsidies to farmers from 33.2 percent of total farm income in 1990 to 13.2 percent in 2001.Most of those subsidies went to Mexico’s large farms.These changes meant many small Mexican farmers were put out of business by highly subsidized American farmers.
Source: http://cantotalk.blogspot.com/2018/06/a-nafta-story-that-we-dont-hear-about.html
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