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Economy
US farmers sound alarm on single-most catastrophic thing headed for corn crops-Another Gift from Mexico
2023-02-02
[FoxBusinessNews] Corn farmers visit DC warning they could go out of business over Mexico's genetically modified corn ban.

A regulatory move within Mexico’s agricultural sector has U.S. farmers concerned it will "corn-er" their corn crop production.

"Most farmers, my generation and younger, have never even used conventional corn. We're not set up to do it. We don't have the equipment to do it," Hinkel Farms' Elizabeth Hinkel told FOX Business’ Madison Alworth on "Mornings with Maria" on Tuesday. "So it would be a huge investment if we had to go back to growing conventional. And on top of that, our yields would be decreased."

American farmers are headed to Capitol Hill to voice concerns about Mexico’s proposed ban on U.S. imports of genetically modified corn, reportedly warning the move could become the most catastrophic thing to happen to corn farmers.

Mexico represents America’s biggest buyer of corn, purchasing more than $10 billion worth of yellow and white U.S. corn last season alone.
Let em starve and pay Big $$ for their own corn. They'll learn. Eventually.
"Even though here in Pennsylvania, our corn stays fairly local, our price is still determined by the board," Hinkel explained. "So if that price goes down, it's going to affect farmers all over the United States, no matter where their corn is being sold."

Farmers remain husky about Mexico’s GMO ban as they fear it’ll hit their bottom line.

"I just can't even picture in my mind what this is going to do," Hinkel said. "It's farmers from one end of the United States to the other. It doesn't matter where you sell it or what it's used for, it's going to have an effect."

With the ban set to take effect in 2024, Mexico has claimed that the regulation would help increase its own domestic production. Last week, U.S. trade representative Jayme White met with Mexico’s Under Secretary of Economy for Foreign Trade Alejandro Encinas to further discuss the GMO decision and the countries’ future relations.

Following the meeting, the USDA released this statement: "Mexico's proposed approach, which is not grounded in science, still threatens to disrupt billions of dollars in bilateral agricultural trade, cause serious economic harm to U.S. farmers and Mexican livestock producers, and stifle important innovations needed to help producers respond to pressing climate and food security challenges."

A fifth-generation Nebraska corn farmer, who mainly grows white corn for Mexican consumption, noted he wouldn’t switch to growing non-GMO corn due to environmental and financial consequences.

"Our destinies are tied together. They need us as much as we need them," Nebraska Corn Growers Association Chairman Andy Jobman also told Alworth on Tuesday. "And so we really need to come to the table and just resolve this issue and allow GMO corn to continue going into Mexico."

As Mexico prepares for the potential ban, the country, in the meantime, has passed regulation that discourages exports, including a 50% tariff on any white corn leaving the nation.
Posted by:NoMoreBS

#10  Corn can also be made drinkable as well as edible. Should not be consumed if use of ethanol-powered convenances is planned
Posted by: Hupomomp Omusomble6925   2023-02-02 16:33  

#9  The Mexican Government wants a bribe. No more no less.
Posted by: magpie   2023-02-02 11:38  

#8  The time the US made more corn go into ethanol, Mexico had a huge price surge in maize products and there were shortages. I don't see this going very far in Mexico as there will be food riots if they cut off all US corn.

The US business will just find other markets and if Mexico waits long enough to revoke this, there will be no extra food for them.
Posted by: DarthVader   2023-02-02 11:07  

#7  The beans have been GMO for the same length of time. Nobody says nada...
Posted by: M. Murcek   2023-02-02 10:57  

#6  Next shortage crisis: Corn Tortillas
Posted by: ed in texas   2023-02-02 10:54  

#5  Same with the 'my body, my rules' abortionists.
Posted by: DooDahMan   2023-02-02 07:40  

#4  Funny how the people who screech about "Frankenfood" worship the mRNA jab.
Posted by: M. Murcek   2023-02-02 07:39  

#3  We could just lean on Mexico and force them to do whatever we want.

But we don't, because globalists hate us and love foreigners. Why would they ever want to help Americans?
Posted by: Fat Bob Thrart2867   2023-02-02 07:20  

#2  Job boon or national security risk? Air Force shoots down China's plan to build giant corn mill less than 15 miles from their North Dakota base - as communist-linked company looks to add to its 200,000 acres of US agricultural land worth $1.9 billion
Posted by: Skidmark   2023-02-02 02:36  

#1  Mexican Green New Deal, to ban GMO crops?

Oh, they are also American crops? Even better!
Posted by: Bobby   2023-02-02 00:09  

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