Yeutter Institute of International Trade and Finance


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U.S. government work.


I have been asked innumerable times why world agricultural trade reform is so important to U.S. farmers. Some of the people doing the asking are often afraid of what such reform might mean to U.S. agriculture. A question I occasionally ask back is, "What is there to fear?" If we are the efficient agricultural producers we say we are -- and I believe we are - then the Uruguay Round of the General Agreement on Tariffs and Trade (GATT) offers American farmers an unprecedented opportunity to gain market share in the growing world markets for food. American agriculture has not yet reached its full potential for economic performance, and the biggest constraints are policies which lead to unfair trade conditions in world markets. Farmers, consumers and taxpayers will all gain if we can work through the GAIT to successfully streamline agricultural trading rules.