Last year, the U.S. exported more than $108 billion worth of agricultural products accounting for more than 10% of all U.S. goods sold abroad. From a macroeconomic point of view, the American farmer is unique among business sectors.
With the U.S. running persistent trade deficits, American farmers ran a $42-billion trade surplus in 2010.
Despite economic weakness in traditional markets, demand for U.S. agricultural exports is growing, up 45.44% in the last five years. As incomes rise globally and population shifts to cities, more and more of the world’s population is coming to rely on agricultural goods produced far from their homes.
American farmers till some of the most fertile land in the world and employ techniques and machinery that make them the most productive anywhere. Further, this country has the trucking capacity, railways and seaports to deliver its agricultural goods to every part of the globe.