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
Domestic demand policy may play a larger role if export competition continues to limit price recovery.
Ethanol demand held together last week, but lower production and thinner stocks put more focus on export strength. Production capacity is also strengthening over time and benefiting soybean farmers.
Expanded export financing could provide greater support for ag sales abroad if buyers and lenders use the additional tools.
The farm bill is still moving, but the toughest amendment fights were pushed into today’s session. ASA President Scott Metzger joins us to discuss the risks of tariff actions on soybean exports, concerns over trade policy and production costs, and the importance of Farm Bill updates.
John Mays with Central Life Sciences joins us to discuss the importance of pest management ahead of wheat storage and how protecting grain quality can support stronger marketing opportunities.
University of Arkansas researchers are working to help farmers reduce grain waste and get more value out of their crops.
