AgLetter: December 1995
U.S. agricultural exports experienced a phenomenal resurgence in the fiscal year ending last September (fiscal 1995) after being flat for most of the current decade. The gains were characterized by a sharp increase in exports of bulk commodities as well as continued growth in foreign sales of higher valued products. In particular, Midwest farmers benefited from strong export gains for corn, soybeans, and red meats. The value of U.S. agricultural exports is projected to again rise in the current year, albeit at a lesser pace.