Economics

The Importance of Trade for U.S. Agriculture

In 2016, American farmers and ranchers exported more than 20 percent of their total production.

Robert Spendlove Jun 22, 2017

As the President and Congress work to renegotiate and craft meaningful trade policy, it is important to remember the strong impact international trade agreements have on the U.S. agricultural sector. In 2016, American farmers and ranchers exported more than 20 percent of their total production. The value of the sector’s exports exceeded $134 billion and had a net positive impact of over $20 billion on the nation’s total trade balance. As the productivity of U.S. agriculture continues to improve, the need to maintain and expand export markets will be of vital importance to the growth of the sector and the U.S. economy. Read the full report.

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