The U.S. Department of Agriculture has released its final total for fiscal year 2014 agricultural exports and they are indeed a new record. The final tally was a big $152.5 billion, an increase of $11.5 billion or eight percent from last year’s record $141 billion. “American farmers and ranchers have once again achieved another year of record exports Agricultural exports …
Grains Council Helping Exports Rebound
With a record corn crop being harvested, exports are more important than ever. The United States exported more than 11 percent of the U.S. corn supply to over 100 countries in the 2013/2014 marketing year, which U.S. Grains Council president and CEO Tom Sleight says is a nice recovery from lost market share after the drought of 2012. “Now it’s …
Governor Branstad at Farm Progress Show
Iowa Governor Terry Branstad paid a visit to the 2014 Farm Progress Show Tuesday and met with some of the show’s international visitors. “I do a lot of international travel to promote what we produce in Iowa,” said Branstad. “We are the leading corn producing state, leading soybean producing state, leading pork producing state, leading egg producing state, we also …
USDA Chinese Trade Mission
U.S. Department of Agriculture (USDA) Under Secretary for Farm and Foreign Agricultural Services Michael Scuse led a mission to promote U.S. biofuels and agricultural product exports in northeast China May 5-13. The mission was part of President Obama’s “Made in Rural America” export and investment initiative, designed to help rural businesses and leaders take advantage of new investment opportunities and …
More Corn for Export
To the surprise of traders, USDA increased the projection for U.S. corn exports this marketing year, lowering ending stocks in the latest World Agricultural Supply and Demand Estimate (WASDE) report. U.S. feed grain ending stocks for 2013/14 are expected lower with a 150-million-bushel increase projected for corn exports. Jack Scoville of the Price Futures Group discussed the estimates during the …
Farm Progress Show Will Reap International Exports
The nation’s largest outdoor farm show, Farm Progress Show, has been selected to participate in the 2014 International Buyer Program (IBP). This year’s event takes place in Boone, IA, August 26-28. The IBP is an export program led by the U.S. Department of Commerce. It brings thousands of international buyers to the U.S. for business-to-business matchmaking with U.S. companies exhibiting …