(Posted Fri. Nov 30th, 2012)
Nov 30: Yesterday, the United States Department of Agriculture released its second ‘Outlook for U.S. Agricultural Trade’ report showing American farm exports have climbed more than 50 percent in value since 2009. The most recent forecast for 2013 is $145 billion, up from $96.3 billion in 2009. The National Corn Growers Association is committed to the development and maintenance of fair and open global trade practices and policies.
“Continued growth of American farm exports is good for rural America and good for the national economy,” NCGA President Pam Johnson said. “Over 1 million American jobs are supported by these exports and we hope to see that trend increase. Developing new markets for our country’s agricultural products will help our sector lead the nation in economic growth and international competitiveness.”
The U.S. continues to be the world’s largest producer and exporter of corn. Today’s top markets worldwide for U.S. corn are Japan, Mexico, South Korea, Egypt and Taiwan. During the 2011 marketing year, the United States is predicted to export 1.65 billion bushels of corn worldwide. NCGA seeks to initiate and support programs to build long term global demand for corn and corn co-products.
“Earlier in the week, USDA forecast net farm income at its second-highest level since the 1970s,” Secretary of Agriculture Tom Vilsack said in a statement. “Taken together, this data shows a robust agricultural economy poised to recover from the worst drought in more than a generation. “As our farmers and ranchers look forward to a new growing season, agriculture will continue to be a major contributor to the President’s goal of doubling exports under the National Export Initiative by the end of 2014.”
Click here to view the report.