Dairy Faces Uncertain Export Future
Trade is a hot topic with a lot of uncertainty. Trade-policy decisions made in Washington, D.C., will impact farmers and ranchers in the countryside. This Market Intel is part of a series exploring agricultural trade, including the potential impacts of trade-policy changes.
Between January and April of that year, the United States imported $78.2 billion worth of agricultural products – the largest value on record. During the same period, U.S. agricultural exports totaled just $58.5 billion, resulting in a record-setting agricultural trade deficit of almost $20 billion in the first four months alone. Despite the dim outlook, one bright spot stands out – dairy. U.S. dairy exports exceeded $3 billion through April, marking a new record and...
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