The race is on to get to $200 billion in value annually for U.S. ag exports. We’re not there yet, but we did have a record year in 2021 setting the pace at $172.5 billion worth of ag exports. This year, the USDA is predicting $183.5 billion.
At the USDA Agricultural Outlook Forum, agency leaders share the latest developments impacting trade. The Trade and Foreign Affairs Council explained why global markets are critical for agriculture.
It is official, the U.S./China Phase One trade deal has fallen short, but despite the missed target, 2020 was still a record year for ag exports. An economist with AFBF discusses the data.