Greatest Year Ever for U.S. Ag Exports?

In a revised forecast, the U.S. Department of Agriculture now expects U.S. agricultural exports will total $61.5 billion, an increase of $5.3 billion over the previous year. If this volume of sales is realized, it will be the highest ever for U.S. agricultural exports.

Exports to China represent an especially bright spot for U.S. agriculture, said U.S. Agriculture Secretary Ann Veneman.

Cotton forecasts are expected to increase $1.5 billion over last year to $4.2 billion. Cotton producers are benefiting both from strong prices and high global demand.

Posted by Jim Langcuster at May 27, 2004 08:30 AM | TrackBack