Senator Jerry Moran (R-KS) recently introduced legislation that would relax the U.S. trade embargo with Cuba.
The Neighbor says the legislation’s goal is to open another avenue for profit for American farmers and ranchers. Moran says the current regulations are limiting revenue streams for farmers, ranchers, and even manufacturers.
Moran tells the Kansas City Star that the unilateral trade embargo on Cuba blocks American farmers, ranchers, and manufacturers from selling into a market just 90 miles from U.S. shores.
“At the same time, foreign competitors like China are benefiting at our expense,” Moran says. “This legislation will expand market opportunities for U.S. producers by allowing them to compete on a level playing field with other countries.”
If the legislation gets passed, it will repeal all regulations that restrict doing business with Cuba.
“Having the opportunity to export crops like wheat, corn, and soybeans to our neighbors down in Cuba would be a win for farming communities across Kansas and around the country,” says Kansas Farm Bureau President Rich Felts.
Studies by the U.S. Trade Commission show that lifting the embargo could potentially increase exports by 166 percent and bring an additional $800 million to the U.S. economy over five years.
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