Source: American Soybean Association
American Soybean Association (ASA) Vice President Danny Murphy testified before the United States Senate Committee on Agriculture, Nutrition, and Forestry to present ASA's views on international trade issues, including the need for Congress to approve pending Free Trade Agreements, extend Presidential Trade Promotion Authority and normalize financial relations with Cuba.
"ASA was pleased with the President's commitment to double the value of U.S. exports under the National Export Initiative," said Murphy, a soybean producer from Canton, Miss. "Efforts to achieve this goal in the agriculture sector will require congressional approval of the pending Free Trade Agreements with Colombia, South Korea, and Panama, negotiation of new FTAs with key importing countries and progress on the Asia Pacific Economic Cooperation regional agreement."
More than 50 percent of U.S. soybean production and 21 percent of total U.S. agricultural exports in 2009 came from soybeans. "As producers of the largest export-dependent commodity, soybean farmers have historically made international trade a top priority," Murphy said.