New numbers show some of our largest export destinations are in the middle of a population decline.
Data from USDA shows major trade partners, like Japan, are on the list. There, population growth has been at zero, with a decline since 2009. Between 1990 and 2003, Japan was the top ag export destination by volume.
China is also in the same situation as they are expected to have negative population growth in less than 10 years.
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Lower shipping costs alone will not restore export competitiveness.
Rising fuel costs will soon increase grain transportation expenses.
The USDA’s upcoming reports will drop on Tuesday afternoon, giving the trade real results on acreage shifts, drought concerns, and ongoing trade tensions, adding uncertainty for U.S. farmers.
South Texas farmers face worsening drought as Mexico falls short on water payments, leaving producers struggling for irrigation under the 1944 treaty.
Expanded access could boost demand for U.S. exports.
Exports depend more on demand than currency shifts.
