In the midst of recent trade uncertainties, the U.S. Grains Council is highlighting the value of its exports. A new study puts the value at $29 billion, a number that leaders say highlights the importance of ag trade around the globe.
The U.S. Grains Council says the value of export markets for the U.S. ag industry cannot be understated. During a study alongside the National Corn Growers Association, they found grain and grain exports supported an economic output of more than $86 billion in 2021 and helped support nearly 350,000 jobs.
They also found that for every dollar that grain exports generate, nearly $3 in business sales is supported.
Related Stories
China remains critical to U.S. farm exports, but Brazil’s growing market share keeps pressure on U.S. soybean demand.
China’s pledge is supportive, but producers need confirmed sales and shipments before counting it as stronger export demand.
Grain movement remains active, but high ocean freight and diesel costs continue to pressure export logistics.
The Meat Institute says meat sales reached a record $112 billion last year as protein demand remained strong nationwide.