U.S. Farm Exports Reach Record High in Fiscal 2011
Washington--Farm exports in fiscal year 2011 reached a record high of $137.4 billion—exceeding past highs by $22.5 billion—and supported 1.15 million jobs here at home, according to the Agriculture Department.
“Agriculture continues to bolster our nation’s economy by contributing a trade surplus year after year,” said Agriculture Secretary Tom Vilsack. This year, the surplus hit a record $42.7 billion. And next year looks equally strong for the U.S. agricultural economy, thanks in part to the signing of new trade agreements with South Korea, Colombia and Panama, which when fully implemented will add an additional $2.3 billion to the U.S. export total and support nearly 20,000 American jobs.
Strong export performance means higher incomes for farmers and ranchers, more opportunities for small businesses owners, and jobs for those who package, ship and market agricultural products.