GREEN BAY, Wis. (WBAY) - After months of negotiations, the United States, Mexico and Canada have signed a revised North American trade deal Friday.
It is known as the U.S.-Mexico-Canada Agreement (USCMA).
President Donald Trump, outgoing Mexican President Enrique Pena Nieto and Canadian Prime Minister Justin Trudeau gathered on the sidelines of the G-20 summit in Argentina to sign it.
The deal replaces the North American Free Trade Agreement or NAFTA, which President Trump has called a "bad deal."
Local farm groups have mixed feelings about the new trade agreement.
Some feel it's a step forward, while others are unhappy with the outcome.
For some time now, the dairy farming industry has sustained a loss in profits.
"You know, we're really struggling for stronger prices," Edge Dairy Farmer Cooperative executive director Tim Trotter said.
Some feel President Trump's revised trade agreement with Canada and Mexico will help.
"This is a step in the right direction for dairy farmers all across our region," Trotter said.
Trotter said he sees the world market as the supermarket of the future.
"So we're hoping that when we see this come all together that not only will we secure the market that we have, but we have the opportunity to grow in Mexico and also resolve some of our differences in Canada," said Trotter.
A board member of the Wisconsin Farmers Union, Rick Adamski, believes the agreement won't help the industry improve.
"Unfortunately it's going to be painted as 'See, we've done something,' and they've actually done little or nothing," Adamski said.
Adamski said farmers are not being represented and the new agreement won't have an impact.
"Really, farmers need to be working with farmers rather than allowing other representatives to represent farmers," said Adamski.