New Mexico senator proposes trade agreement to boost beef industry

 

by: Gabrielle Burkhart, KRQE (NM)

Sep 8, 2020

 

NEW MEXICO (KRQE) – The pandemic has impacted every sector of the economy, including New Mexico’s cattle industry. A state senator has an idea he believes will help.

 

The New Mexico Department of Agriculture says beef is actually one of the state’s top commodities; a major economic driver. But with drought and a pandemic, local ranchers have taken quite a blow.

 

“In rural New Mexico, it’s one of the main drivers of the economy,” explained Sen. Pat Woods, Broadview-(R). Sen. Woods is also a rancher in northern Curry County.

 

“My whole district is full of ranchers,” Woods said. “We probably have more cows than people.”

 

Woods said New Mexico’s home to more than 1.6 million head of beef and dairy cattle, the state’s most profitable agricultural products. Beef alone is a major driver.

 

“Beef has been a huge economic factor in the state,” explained Kristie Garcia, Director of Public Affairs for the New Mexico Department of Agriculture. “Cash receipts for New Mexico beef is $919 million,” she added.

 

With the pandemic forcing school and restaurant closures nationwide, demand for beef has dropped. The pandemic coupled with the state’s drought has dealt a blow to New Mexico’s ranching community.

 

“We lost about 25% of the value due to this COVID,” said Sen. Woods. “Different markets shut down, different eating habits changed. What it meant was we ended up just holding beef longer, just trying to outlast the market.”

 

As a potential lifeline to aid recovery efforts, Sen. Woods is proposing a bilateral trade agreement between the U.S. and Taiwan. Taiwan’s president recently announced lifting restrictions on the importation of U.S. beef more than 30 months old, something Sen. Woods argues can help New Mexico.

 

“Any good straight trade deal is a trade between them and us, having the deal work both ways for both countries,” said Sen. Woods. However, that could take a while.

 

“There’s a lot of tariffs involved in all of this kind of stuff,” said Sen. Woods. “A bilateral trade agreement would spell that out.”

 

He also acknowledged the U.S. would likely face obstacles in working out a BTA with Taiwan. “It’s a hell of a hiccup when you start talking about recognizing Taiwan’s sovereignty because you have to really take on China,” Sen. Woods said.

 

In the meantime, ranchers...

 

more, including video report [2:22 min.]  

https://www.krqe.com/news/politics-government/new-mexico-senator-proposes-trade-agreement-to-boost-beef-industry/