- U.S. and global trade are greatly affected by the growth and stability
of world markets.
- Changes in world population, economic growth,
and income are most likely to alter global food demand.
factors affecting agricultural trade are global supplies and prices,
changes in exchange rates, government support of agriculture,
and trade protection policies.
- With the productivity of U.S. agriculture growing faster than
domestic food and fiber demand, U.S. farmers and agricultural firms
rely heavily on export markets to sustain prices and revenues.
- Exports have exceeded imports by a large margin since 1973.
- Historically, U.S. imports have
increased steadily, as demand for diversification in food expands.
- U.S. consumers benefit from imports because imports expand food
variety, stabilize year-round supplies of fresh fruits and vegetables,
and temper increases in food prices.
ERS provides research and analysis on factors influencing U.S. agricultural exports and imports.
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