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DESPITE TARIFFS, U.S. AG EXPORTS DOWN ONLY 2%
Feb. 10, 2020
BrownfieldAgNews reports:
U.S. agricultural exports were down two percent in 2019 at $136 billion.
USDA ag economist Bart Kenner says that's still a relatively strong total considering trade disruptions.
In terms of value, "Soybeans to China actually increased over last year." Kenner said.
And soy exports to all countries climbed nine percent.
Exports for corn and cotton fell, while wheat saw a 15 percent increase.
Kenner points out exports the first three months of fiscal 2020 are trending about three percent above a year ago.
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