This week’s U.S. Agricultural trade mission in India could set the stage for growing trade between the U.S. and India while also sparking some near-term sales as well. Gary Crawford has more in today’s This Land of Ours report.
USDA Accepting Application for Colombia Trade Mission
Ag businesses can apply for a trade mission to Colombia. Details coming up on This Land of Ours. USDA Undersecretary for Trade and Foreign Agricultural Affairs Alexis Taylor will lead an agribusiness trade mission to Colombia on August 13-15. USDA is now accepting applications from current and potential U.S. exporters who have interest in joining the delegation. “Colombia represents a …
U.S. Trade Gap Hits $68 Billion
In February, America’s trade deficit reached $68.9 billion, the highest disparity in almost a year. The Hill says import values exceeded exports by more than analysts were expecting. The total value of imports hit $331.9 billion, while exports were $263 billion, and the overall deficit rose 1.9 percent during the month. Republicans on Capitol Hill have expressed frustration with what …
Agricultural Leaders Visit South Korea on Trade Mission
Agricultural leaders are back from a week-long trade mission overseas. Under Secretary for Trade and Foreign Agricultural Affairs, Alexis M. Taylor led the South Korea trade mission, which included representatives from 49 U.S. companies and organizations. “U.S. food and agricultural products are really recognized by South Korean consumers and importers for their reliability, their quality, and their sustainability as well. …
Beef and Pork Exports Bring Nice Returns to Corn and Soybean Producers
New information released by the U.S. Meat Export Federation (USMEF) shows beef and pork exports last year at $18.1 billion had a significant impact on the corn and soybean industries. The numbers, from an independent study conducted by The Juday Group, notes U.S. pork and beef exports contributed an estimated total economic impact of 14.6% per bushel to the value of corn …
Colombia Restores Market Access for U.S. Poultry
It was announced last week that after months of hard work by the Office of the U.S. Trade Representative (USTR) and the USDA, Columbia has reopened its market to U.S. poultry and egg producers. “Ensuring our producers can compete on a level playing field across the globe is a top priority for the U.S. Trade Representative’s Office,” says USTR Chief …
Vilsack Urges Toning Down Anti-China Rhetoric, Citing Farm Exports
USDA Secretary Tom Vilsack suggests the U.S. needs to tone down its anti-China rhetoric or else billions in U.S. farm exports to China could be on the chopping block… From TikTok to China’s spy balloon to its hacking and aggression in the Pacific, U.S. officials and lawmakers have pushed back against Beijing for months. But Secretary Tom Vilsack said at …
International Complications for U.S. Exports
Agricultural exports a heading down from a post-pandemic peak as experts deal with international complications that can stunt export growth or, sometimes, stop exports altogether. According to USDA, the value of U.S. agricultural exports peaked in fiscal year 2022 but declined in 2023. In 2023, the total export value was $178.7 billion, which was $17 billion less than in 2022. …
Trade Mission Offers New Opportunities in South Korea
Finding new trade opportunities in South Korea. That’s coming up on This Land of Ours. Representatives from 49 U.S. companies and organizations are heading to Seoul, South Korea this month for an agribusiness trade mission. It’s led by USDA’s Undersecretary for Trade and Foreign Agricultural Affairs Alexis M. Taylor who says she’s confident the mission will produce great results. South …
U.S. Pork Exports Set Annual Record
Led by a record-shattering performance in Mexico and broad-based growth elsewhere, U.S. pork exports set a value record in 2023. Data shows December pork exports rose 10 percent from the prior year to 268,400 metric tons, the largest since May 2021 and the eighth-largest on record. Export value increased 11 percent to $766 million, also the highest since May 2021 …