Regulation RuseFarmers in Europe oppose the recently completed free trade agreement with Mercosur, and have long prevented a transatlantic agreement with the U.S. They argue that their competitors in the Americas produce under less stringent environmental and labor standards. That may be true but that is not the primary cause of their struggles with competitiveness. The problem is that the fundamentals of production agriculture in Europe are much higher. The average cost of farmland in France is 50 percent higher than in the U.S. There is a large differential in energy costs, a critical component in farming (chemicals, fertilizer, fuel, lube, electricity) and Europe has by design made it costlier. Europe’s farmers cannot use the latest...