On Monday, Governor Pete Ricketts welcomed news that President Donald Trump has signed a new free trade deal with South Korea.
“Thank you to President Donald J. Trump for signing this new trade deal. South Korea is home to some of Nebraska’s best customers and investors,” said Governor Ricketts. “The deal demonstrates a long-term commitment to this partnership with South Korea, which will deepen our ties and encourage even more investment in our future.”
U.S. Senator Deb Fischer, a member of the Senate Agriculture Committee, released the following statement Monday:
“Nebraska ag producers need international market access so they can deliver their products to the world. South Korea is one of our state’s top customers. I have long supported modernizing trade agreements like this because it will provide certainty for our farmers and ranchers.”
According to the office of Governor Pete Ricketts, South Korea is Nebraska’s fifth-largest agriculture export market, with $499.9 million worth of exports in 2016. They are a top-5 customer for Nebraska beef, hides and skins, corn, dairy products, distillers grains, and pork.
Beef: $221.5 million – 2nd largest market
Corn: $101 million – 3rd largest market
Hides and Skins: $66.4 million – 2nd largest market
Pork: $39.2 million – 4th largest market
Distillers Grains: $23.4 million – 4th largest market
Soybeans: $22.8 million