Congressional Hearing Highlights Economic Danger From Mexico’s Exclusion of US Corn

During a U.S. Congressional hearing that took place on Feb. 1 to address the new 2023 Farm Bill, four legislators identified Mexico’s proposed ban on GMO crops as a direct threat to U.S. corn exports.
Senators Chuck Grassley (R-Iowa), Roger Marshall (R-Kan.), John Thune (R-S.D.), and Joni Ernst (R-Iowa), collectively voiced concerns over the significant economic impact of Mexican President Andres Manuel Lopez Obrador’s decree to abolish GMO corn imports by 2024.
Ernst noted that the restriction could cost the U.S. economy more than $74 billion in economic output over a 10-year period, adding Obrador’s biotech decree would “ban much of Iowa’s corn.”…}