A resolved international dairy dispute has Wisconsin farmers benefitting, in a ruling from a United States Mexico Canada Agreement dispute settlement panel.
Trade restrictions with Canada had previously affected how dairy products could be sold and exported between them and the United States.
A judge recently ruled those restrictions went against what was originally agreed on.
Experts say this will help farmers long-term because of trade agreements working how they should.
“You have to, as Ronald Reagan once said, trust but verify that people are living up to the spirit of what was negotiated. In this case, we didn’t feel Canada was,” said Mark Stephenson, the Director of Dairy Policy Analysis at the University of Wisconsin.
He adds he’s hopeful farms are able to take advantage of the revised agreement and believes this year has potential to be a good one.
Source: WAOW
