By Jamie Martin
The Administration continues to strengthen US agricultural exports, which play a vital role in the nation's economy, supporting over 1 million jobs and contributing more than $200 billion annually to economic activity. In 2021, 2022, and 2023, agricultural exports achieved historic highs, including a record $196 billion in 2022.
To boost exports, the USDA provided $850 million in export promotion programs in 2024. This included initiatives like the Market Access Program and the Regional Agricultural Promotion Program.
Additionally, $9.4 billion in loan guarantees helped diversify export markets, while $2.3 billion supported international food assistance programs.
Key trade wins in 2024 included the USMCA biotech corn dispute resolution, allowing continued corn exports to Mexico. Chile approved a trade agreement preserving $55 million in cheese and $7 million in meat exports.
Other successes included opening markets for Texas grapefruit in Korea, fresh fruit in Vietnam, and poultry in Angola.
"USDA believes it is prudent to again pursue a stockpile that matches current outbreak strains," the Administration stated, reflecting its dedication to strategic planning and export expansion.
Market access was further enhanced for apples in Indonesia and animal products in the European Union, ensuring trade continuity. India eliminated tariffs on key agricultural products, boosting US exports by 21% in 2024.
Efforts like trade missions connected US exporters with global buyers, generating $258 million in sales. As 2024 data approaches, experts predict another record-breaking year for agricultural exports.
Photo Credit: usda
Categories: National