U.S. agricultural exports reach new highs
By Sara Wyant
© Copyright Agri-Pulse Communications, Inc.
WASHINGTON, November 5, 2014 - The U.S. Department of Agriculture released its final total for U.S. agricultural exports in Fiscal Year 2014, which soared to a record $152.5 billion. That's an 8 percent increase from last year's record of $141.1 billion.
Categories with the strongest gains, in terms of value, include corn (up 99 percent from prior year); dairy products (up 21 percent from prior year) and soybeans (up 17 percent from prior year).
The biggest losers compared to the prior fiscal year? Wheat was down 19 percent and cotton and linters were down 18 percent. Both vegetable oils and live animals were down by 16 percent, in terms of value.
"American farmers and ranchers have once again achieved another year of record exports,” noted Agriculture Secretary Tom Vilsack in a statement. “Agricultural exports have climbed 41 percent in value over the past five years. U.S. agricultural exports have increased in volume as well as in monetary value, which demonstrates an increasing global appetite for high-quality, American-grown products.
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