The latest analysis of agricultural export promotion investment shows that U.S. public funding for its two largest export promotion programs is about $235 million per year. But due to inflation and other factors, the real value of this investment has declined 12 percent since 2011. During this same period, major competitors increased their investment in promotion of agricultural exports by …
U.S. Food Exports to Cuba Rising
The hard-line rhetoric against Cuba in Washington, D.C., has led to a chink in the diplomatic ties formed in the Obama-era. However, the amount of food exports going from the U.S. to Cuba paints a very different picture. The U.S-Cuba Trade Economic Council released numbers showing that agricultural exports to Cuba totaled up over $250 million in 2017. Those numbers …
U.S. Ag, Equipment Companies, Benefiting from Trade with Cuba
U.S. agriculture is benefiting from trade with Cuba, according to new figures released by the U.S.-Cuba Trade and Economic Council. Exports of food and agricultural products from the U.S. to Cuba in November of 2017 were pegged at $21.2 million, compared to $10.59 million in November 2016, and $6.24 million in November of 2015. There were also substantial increases in …
Beef, Pork Exports Post ‘Stellar’ November
U.S. pork exports remained ahead of last year’s record volume pace, and beef exports are poised to break $7 billion this year for only the second time. The U.S. Meat Export Federation says October pork exports were the largest since May, totaling 211,500 metric tons, up five percent from a year ago, valued at $565.4 million. Through the first ten …
China Is The New Top Buyer of American Agricultural Goods
New numbers out this week show that China is the new number one buyer of American agricultural goods. Pork Business Dot Com says the fiscal year 2017 numbers show that China bought $22 billion worth of agricultural products, which is a large jump from the $19.2 billion purchased the year before. That jump meant China moved into the number one …
Perdue: U.S. Farm Exports Hit 3rd Highest Level on Record
U.S. agricultural exports totaled $140.5 billion in fiscal year (FY) 2017, climbing nearly $10.9 billion from the previous year to the third-highest level on record, U.S. Secretary of Agriculture Sonny Perdue announced today. As it has done for well over 50 years, the U.S. agricultural sector once again posted an annual trade surplus, which reached $21.3 billion, up almost 30 …
Grain Exports Provide $55.5 Billion in Economic Output
Exporting feed grains and related products is worth a lot of money to the U.S. economy. Those exports offer billions of dollars in direct and indirect economic benefits to farmers, the rural communities they live in, and the nation as a whole. Research commissioned by the U.S. Grains Council and the National Corn Growers Association provided concrete numbers to the …
USDA Takes Successful Trade Mission to India
India serves as the first trade mission stop for Ted McKinney, the newly minted Department of Agriculture Undersecretary for Trade and Foreign Agricultural Affairs. McKinney led a group of 50 men and women, representing 29 agricultural companies, associations, and state governments, overseas in an effort to boost trade opportunities between the U.S. and India, which is the 17th largest export …
China Imports More U.S. Trash than Ag Products
China imports more U.S. trash than agricultural commodities, but that could soon change. China earlier this year filed a notice with the World Trade Organization about its plans to limit the entry of “foreign waste.” The Wall Street Journal reports this week that under the new rules, China by year’s end would ban imports of used plastics and require paper-scrap …
Ag Exports Groups Urge Passage of the CREAATE Act
A coalition supporting ag exports is urging Senators to pass legislation to expand the Market Access Program and Foreign Market Development program. The Coalition to Promote U.S. Agricultural Exports and the Agribusiness Coalition for Foreign Market Development say the Cultivating Revitalization by Expanding American Agricultural Trade and Exports, or CREAATE Act, would boost trade’s impact on U.S. farmer profitability and …