U.S. farm exports surge, helped by growing demand in developing world

Author: Kristy

Strong demand from developing world

China has been scooping up American grain to feed livestock. And Beijing is showing signs of relaxing its policy of grain self-sufficiency. (Daniel Acker,Bloomberg)

David Pierson, Los Angeles Times | Feb. 12, 2014

The developing world has largely usurped U.S. manufacturing, but emerging economies are increasingly big customers of American farmers.

Between 2000 and 2013, American fruit, grain, meat and dairy sold overseas nearly tripled to $140.9 billion, making agricultural products one of the hottest exports in the last decade, according to a USDA report released Wednesday.

Developing countries with growing middle-class populations and strengthening currencies powered the binge on U.S. food, which has been a boon for California almond growers, Iowa soybean farmers and others.  READ MORE

Posted in In The Industry |

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