Farmers in six states would be hurt hardest if Mexico follows through with its proposed ban on genetically modified corn.
Ohio State University professor Ian Sheldon says Illinois, Iowa, Missouri, Nebraska, Kansas, and Louisiana are the top exporters to Mexico.
“This would be a little bit like putting a prohibitive tariff on our exports to Mexico, and I think in the short to medium-term that would have a significant effect on corn prices. Which would then feed back into farmers’ margins, at least in the short run.”
Mexico accounted for more than 70 percent of corn exports from Illinois, compared to just 2 percent for Ohio.
Source: brownfieldagnews.com
Photo Credit: GettyImages-Yasonya
Categories: Ohio, Crops, Corn