Mississippi farmers and ranchers could soon see some relief in crop prices as the United States takes steps to move forward in a trade agreement with Mexico.

The Trump administration met with leaders from Mexico and Canada Thursday to discuss updates to the NAFTA agreement. The United States and Mexico were able to come to an agreement to update the terms of trade, while discussions with Canada are still ongoing.

“Farmers and ranchers are ready to move forward on trade with our nearest neighbors,” American Farm Bureau President Zippy Duvall said. “Farm Bureau is excited about this announcement and will review the details of the Mexican trade deal as they become available.”

Mississippi Farm Bureau President Mike McCormick is hopeful the new trade agreement with Mexico will help Mississippi’s farmers and ranchers prosper.

“Our farmers and ranchers have suffered a great loss due to the trade war with China,” McCormick said. “I am expectant these negotiations with Mexico will benefit the agriculture community in Mississippi and across the country.”

American Farm Bureau expects the “U.S.-Mexico Preliminary Agreement Principle” to build on the success of NAFTA. Some improvements the organization would like to address revolve around provisions that affect U.S. fruit and vegetable growers.

“This is the kind of trade news we have been waiting for,” Duvall said. “In a time when the U.S. economy is booming our farmers have been left behind. Open markets and good trade agreements will give American agriculture the opportunity to be a part of this booming economy. So we encourage the Administration to keep moving forward with Canada to address their anti-competitive milk pricing provisions. We need negotiators to convince Canadian officials that they, too, will benefit from a revised treaty. We are hopeful that the value of a continued and improved NAFTA for all will bring everyone back to the negotiating table.”