Common use of Beef Clause in Contracts

Beef. Nevada’s cattle industry leads all other agricultural industries in the state with more than $392.6 million in cash receipts in 2014. TPP passage is expected to increase beef cash receipts by $3.6 million per year, which is driven by a $3.3 million per year increase in direct exports to TPP countries.  Japan will eliminate 74 percent of duties on beef imports within 16 years. This includes reducing a tariff of 38.5 percent to 9 percent within 16 years on fresh, chilled, and frozen beef cut. The World Trade Organization safeguard will also be replaced by the TPP-wide safeguard, which is predicted to be less trade-limiting.  Japan’s beef offal tariffs as high as 21.3 percent will be eliminated in 6-16 years.  Malaysia’s tariffs on imports of beef will be eliminated.  Vietnam’s tariffs as high as 34 percent on beef, will be eliminated in 3-8 years.  New Zealand’s tariffs as high as 5 percent on beef, will be eliminated immediately. Dairy: Nevada’s dairy industry produced $170 million in cash receipts in 2014. TPP passage is expected to increase dairy cash receipts by $973.5 thousand per year, which is driven by a $463.8 thousand per year increase in direct exports to TPP countries.  Japan’s cheese tariffs as high as 40 percent, will be eliminated in 16 years.  Japan’s tariffs on whey will be eliminated, while establishing safeguards for whey powder, which will be terminated within 18 years. Whey protein concentrate will be terminated within 24 years.Whey for food tariffs, which currently face tariffs as high as 29.8 percent, will be eliminated in 21 years.  Malaysia’s dairy product tariffs as high as 5 percent, will be eliminated immediately.  Vietnam’s tariffs of 20 percent on cheese, milk powder, and whey will be eliminated immediately.  New Zealand’s and Brunie’s tariffs on dairy products will be eliminated immediately. Processed Food and Fish: In 2014, Nevada exported $92.5 million of processed foods to TPP countries. As of 2012, there were 4,108 employees in Nevada’s food manufacturing sector, with the largest percentage employed in the bakeries and tortilla manufacturing subsector.  Japan’s biscuits, cookies, crackers, and other bread products tariffs, as high as 26 percent, will be eliminated in 6 years.  Japan’s uncooked spaghetti and macaroni tariffs will be reduced 60 percent in 9 years.  Malaysia’s processed products tariffs as high as 25 percent will be eliminated in 16 years.  Vietnam’s cookies, crackers, biscuits, breads, and starches tariffs as high as 55 percent will be eliminated in 8 years.  New Zealand’s majority of processed products tariffs as high as 5 percent will be eliminated immediately, with a few processed products tariffs being eliminated over 5 years.  Brunei’s processed products tariffs as high as 131 percent will be eliminated within 20 years. NEVADA AGRICULTURE United States Department of Agriculture Foreign Agricultural Service Nevada Trans-Pacific Partnership (TPP) The Trans-Pacific Partnership (TPP) will boost demand for U.S. farm and food products among nearly 500 million consumers in 11 countries across the Asia-Pacific region. By reducing tariffs and opening new markets for American agricultural products, the TPP will help increase farm income, generate rural economic activity, and support local jobs. Top 5 Nevada Agricultural Exports Beef and Veal 1 Vegetables 2 Dairy 3 Feeds and Fodder 4 Hides and Skins 5 1,300 Nevada jobs supported by agricultural exports $173 million Annual value of Nevada agricultural exports Source: USDA-ERS 2013 State Export Data

Beef. NevadaWyoming’s cattle industry leads all other agricultural industries in the state with more than $392.6 million 1.2 billion in cash receipts in 2014. TPP passage is expected to increase beef cash receipts by $3.6 16.4 million per year, which is driven by a $3.3 15.1 million per year increase in direct exports to TPP countries.  ▪ Japan will eliminate 74 percent of duties on beef imports within 16 years. This includes reducing a tariff of 38.5 percent to 9 percent within 16 years on fresh, chilled, and frozen beef cut. The World Trade Organization safeguard will also be replaced by the TPP-wide safeguard, which is predicted to be less trade-limiting.  ▪ Japan’s beef offal tariffs as high as 21.3 percent will be eliminated in 6-16 years.  ▪ Malaysia’s tariffs on imports of beef will be eliminated.  ▪ Vietnam’s tariffs as high as 34 percent on beef, will be eliminated in 3-8 years.  ▪ New Zealand’s tariffs as high as 5 percent on beef, will be eliminated immediately. DairyPork: NevadaWyoming’s dairy pork industry produced $170 89.1 million in cash receipts in 2014. TPP passage is expected to increase dairy pork cash receipts by $973.5 thousand 1.7 million per year, which is driven by a $463.8 thousand 1.5 million per year increase in direct exports to TPP countries.  ▪ Japan’s cheese tariff reduction will eliminate 65 percent of tariff lines in 11 years and 80 percent of tariff lines in 16 years on pork tariff lines. ▪ Malaysia’s tariffs on pork will be 0 percent, in addition to having authorization and import permits for automatic U.S. pork and pork product imports. ▪ Pork, which currently faces tariffs as high as 40 percent30 percent in Vietnam, will be eliminated in 16 5-10 years.  Japan▪ Vietnam’s frozen cuts and shoulder tariffs on whey will be eliminatedeliminated within 8 years. ▪ Vietnam’s preserved pork, while establishing safeguards for whey powderfresh pork cuts and shoulders, which and fresh and frozen cuts tariffs will be terminated eliminated within 18 10 years. Whey protein concentrate will be terminated within 24 years.Whey for food tariffs, which currently face tariffs as high as 29.8 percent, ▪ New Zealand’s frozen swine cut tariff will be eliminated in 21 2 years.  Malaysia’s dairy product tariffs as high as 5 percent, will be eliminated immediately.  Vietnam’s tariffs of 20 percent on cheese, milk powder, and whey will be eliminated immediately.  New Zealand’s and Brunie▪ Brunei’s tariffs on dairy products pork will be eliminated immediately. Processed Food and Fish: In 2014, Nevada Wyoming exported $92.5 3.2 million of processed foods to TPP countries. As of 2012, there were 4,108 more than 250 employees in NevadaWyoming’s food manufacturing sector, with the largest percentage employed in the bakeries animal slaughtering and tortilla manufacturing subsectorprocessing.  ▪ Japan will eliminate tariffs as high as 50 percent in 6-16 years on processed beef products. ▪ Malaysia’s tariffs on imports of beef products will be eliminated. ▪ Vietnam’s tariffs as high as 34 percent on beef products, will be eliminated in 3-8 years. ▪ New Zealand’s tariffs as high as 5 percent on beef products, will be eliminated immediately. ▪ Brunei will eliminate all tariffs for beef products. ▪ Japan’s biscuits, cookies, crackers, tariffs on hides and other bread products tariffsskins, as high as 26 30 percent, will be eliminated in 6 within 11 years.  Japan’s uncooked spaghetti and macaroni tariffs will be reduced 60 percent in 9 years.  Malaysia’s processed products tariffs as high as 25 percent will be eliminated in 16 years.  ▪ Vietnam’s cookiestariffs on hides and skins, crackers, biscuits, breads, and starches tariffs as high as 55 percent will be eliminated in 8 years.  New Zealand’s majority of processed products tariffs currently as high as 5 percent will be eliminated immediately, with a few processed products tariffs being eliminated over 5 years.  Brunei’s processed products tariffs as high as 131 percent will be eliminated within 20 years. NEVADA WYOMING AGRICULTURE United States Department of Agriculture Foreign Agricultural Service Nevada Wyoming Trans-Pacific Partnership (TPP) The Trans-Pacific Partnership (TPP) will boost demand for U.S. farm and food products among nearly 500 million consumers in 11 countries across the Asia-Pacific region. By reducing tariffs and opening new markets for American agricultural products, the TPP will help increase farm income, generate rural economic activity, and support local jobs. Top 5 Nevada Wyoming Agricultural Exports Beef and Veal 1 Vegetables Hides and Skins 2 Dairy 3 Feeds and Fodder 4 Hides and Skins 5 1,300 Nevada 3 2,900 Wyoming jobs supported by agricultural exports $173 389 million Annual value of Nevada Wyoming agricultural exports Source: USDA-ERS 2013 State Export Data

Beef. NevadaOregon’s cattle industry leads all other agricultural industries in the state with more than produced $392.6 million 1.2 billion in cash receipts in 2014. TPP passage is expected to increase beef cash receipts by $3.6 13.3 million per year, which is driven by a $3.3 12.3 million per year increase in direct exports to TPP countries.  Japan will eliminate 74 percent of duties on beef imports within 16 years. This includes reducing a tariff of 38.5 percent to 9 percent within 16 years on fresh, chilled, and frozen beef cut. The World Trade Organization safeguard will also be replaced by the TPP-wide safeguard, which is predicted to be less trade-limiting.  Japan’s beef offal tariffs as high as 21.3 percent will be eliminated in 6-16 years.  Malaysia’s tariffs on imports of beef will be eliminated.  Vietnam’s tariffs as high as 34 percent on beef, will be eliminated in 3-8 years.  New Zealand’s tariffs as high as 5 percent on beef, will be eliminated immediately. Dairy: NevadaOregon’s dairy industry produced $170 976.4 million in cash receipts in 2014. TPP passage is expected to increase dairy cash receipts by $973.5 thousand 4 million per year, which is driven by a $463.8 thousand 1.9 million per year increase in direct exports to TPP countries.  Japan’s cheese tariffs as high as 40 percent, will be eliminated in 16 years.  Japan’s tariffs on whey will be eliminated, while establishing safeguards for whey powder, which will be terminated within 18 years. Whey protein concentrate will be terminated within 24 years.Whey .  Japan’s whey for food tariffs, which currently face tariffs as high as 29.8 percent, will be eliminated in 21 years.  Malaysia’s dairy product tariffs as high as 5 percent, will be eliminated immediately.  Vietnam’s tariffs of 20 percent on cheese, milk powder, and whey will be eliminated immediately.  New Zealand’s and Brunietariffs on dairy products will be eliminated immediately.  Brunei’s tariffs on dairy products will be eliminated immediately. Processed Food and Fish: In 2014, Nevada Oregon exported $92.5 400.4 million of processed foods to TPP countries. As of 2012, there were 4,108 21,131 employees in NevadaOregon’s food manufacturing sector, with the largest percentage employed in the bakeries subsector being fruit and tortilla manufacturing subsectorvegetable preserving at 32% of food manufacturing.  Japan’s biscuitsgrape juice, cookies, crackersraisins, and other bread products tariffs, fruit cocktail tariffs as high as 26 percent, 21.3 percent will be eliminated in 6 years.  Japan’s uncooked spaghetti and macaroni tariffs will be reduced 60 percent in 9 within 11 years.  Malaysia’s processed fruit products tariffs as high as 25 20 percent will be eliminated in 16 yearsimmediately.  Vietnam’s cookies, crackers, biscuits, breads, and starches processed fruit products tariffs as high as 55 40 percent will be eliminated in within 8 years.  New Zealand’s majority of tariffs on processed products tariffs as high as 5 percent fruit will be eliminated immediately, with a few processed products tariffs being eliminated over 5 years.  Brunei’s tariffs on processed products tariffs as high as 131 percent fruit will be eliminated within 20 yearsimmediately. NEVADA OREGON AGRICULTURE United States Department of Agriculture Foreign Agricultural Service Nevada Oregon Trans-Pacific Partnership (TPP) The Trans-Pacific Partnership (TPP) will boost demand for U.S. farm and food products among nearly 500 million consumers in 11 countries across the Asia-Pacific region. By reducing tariffs and opening new markets for American agricultural products, the TPP will help increase farm income, generate rural economic activity, and support local jobs. Top 5 Nevada Oregon Agricultural Exports Wheat 1 Fruits and Nuts 2 Vegetables 3 Dairy 4 Beef and Veal 1 Vegetables 2 Dairy 3 Feeds and Fodder 4 Hides and Skins 5 1,300 Nevada 15,900 Oregon jobs supported by agricultural exports $173 million 2.1 billion Annual value of Nevada Oregon agricultural exports Source: USDA-ERS 2013 State Export Data