Ag export picture shows balance

Hollis, Paul L.
January 2005
Southeast Farm Press;1/12/2005, Vol. 32 Issue 2, p24
Trade Publication
This article reports that the latest U.S. Department of Agriculture (USDA) forecast pegs U.S. agricultural exports at $56 billion, down from the record $62.3 billion exported in 2004 and $1.5 billion below earlier forecasts. Meanwhile, continued strong domestic economic growth and consumer demand have boosted agricultural imports to a projected $56 billion, the same as the export forecast. Expected U.S. agricultural trade last hovered between a deficit and a surplus in the late 1950s, according to USDA. Lower prices have sharply reduced the expected value of 2005 wheat, corn, soybeans and cotton exports from 2004.


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