The total value of U.S. grain & product exports reached $29 billion, according to a study

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
StoneX’s Josh Linville discusses USDA’s efforts to boost domestic fertilizer production and his outlook on supply and prices.
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.

LATEST STORIES BY THIS AUTHOR:

President Donald Trump says a deal is nearly done on lowering beef prices, but he has not released details.
Large carryover stocks continue to put pressure on commodity prices, creating uncertainty for growers looking to market their grain.
Farm CPA Paul Neiffer outlines how producers should navigate evolving Farm Bill provisions and prepare their operations for the next crop year.
Peel says Mexico has a much greater capability to expand its beef industry than it did 20 or 30 years ago in terms of its feeding and packing infrastructure.
Record crops are increasing grain storage needs, prompting safety experts to remind producers of the risk of grain bin entrapment during harvest.