MSA Applauds Missouri Delegation for Work on TPA
Legislation passed this week by Congress is an important step toward protecting producers’ ability to market their soybeans and other agricultural products. Missouri Soybean Association (MSA) president Tom Raffety today praised senators Roy Blunt and Claire McCaskill for their work leading to the 60-38 passage of Trade Promotion Authority (TPA) this week.
“We commend senators Blunt and McCaskill for their tireless work on this legislation directly impacting our ability to compete in the global market for soybeans and all of agriculture,” said Tom Raffety, MSA president and Mississippi County soybean farmer. “Missouri is a top state for soybean production and processing, and ensuring producers have access to export markets is vital to our continued success and we are fortunate to have a delegation that understands that importance.”
More than half of all U.S. soybeans are exported for human consumption, livestock feed and other uses. Soy exports are valued at more than $8 billion per year, with exports of soybean meal growing faster than domestic consumption according to the U.S. Soybean Export Council. Last year, Missouri soybean farmers grew more than 260 million bushels of soybeans.
TPA has already passed in the House 218-208, where it also benefited from support from Missouri’s delegation. Representatives Graves, Hartzler, Long, Luetkemeyer, Smith and Wagner all worked on behalf of Missouri farmers in passing TPA. It is now headed toward the President’s desk for his signature.
The Missouri Soybean Association is a statewide membership organization designed to increase the profitability of Missouri soybean farmers through advocacy and education efforts across the state.