DES MOINES, Iowa (AP) - U.S. farmers are celebrating the approval of free trade agreements with South Korea, Colombia and Panama, saying the pacts will increase demand for their products without drastically increasing prices for American consumers.
Congress approved the agreements Wednesday night, calling for the elimination of tariffs on U.S. products exported to those countries.
The agreements are expected to lead to a $2.3 billion increase in farm exports. They're expected to create 20,000 agriculture-related jobs.
Livestock farmers and others say the effect on U.S. consumer prices could be negligible. That's because many of the animal parts sought by other countries, such as heads, feet and tongue, are not popular in the U.S. By increasing demand for those, producers would not need to make as much on meat cuts popular in the U.S.
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