Source: SUCCESSFUL FARMING, 5/26/21


The U.S. Department of Agriculture’s quarterly agricultural trade forecast projects fiscal year 2021 U.S. farm exports at $164 billion – the highest total on record. This represents an increase of $28 billion, or 21%, from last fiscal year’s total, and a $7-billion increase from USDA’s previous FY 2021 forecast published in February. The annual export record of $152.3 billion was set in FY 2014. “U.S. agricultural trade has proven extraordinarily resilient in the face of a global pandemic and economic contraction. This strength is reflected in today’s USDA export forecast,” said Agriculture Secretary Tom Vilsack. 

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