USDA Expects Farm Exports to Reach Historic Highs in '13

By CnAgri2012-09-06 01:33:20 Print

The U.S. Department of Agriculture's export forecast for fiscal years 2012 and 2013 shows a level of agricultural exports unmatched in the nation's history.

"The export forecast marks indication of an historic achievement for America's farmers, ranchers and agribusinesses," said USDA Secretary Tom Vilsack. "Even with tough odds due to extreme weather, agriculture is now poised for three consecutive years of record exports, smashing all previous records."

He says exports of food and agricultural products are expected to reach $143.5 billion in fiscal 2013, well above the record set in 2011. At the same time, the forecast for fiscal 2012 is revised upward to a near-record $136.5 billion. Since 2009, US agricultural exports have made gains of 50 percent.

"When we look beyond the remarkable results, we see two strong storylines. The first is a story of American innovation and resiliency," he noted. "U.S. agriculture as a whole is resilient thanks to producers' ability to innovate, reduce their debt and capitalize on expanding market opportunities. The second is a President who has laid the groundwork for success in rural America."

Vilsack says agriculture is stronger today than at any time in our nation's history, supporting and creating good American jobs for millions. He also called on Congress to help ensure that this success continues by passing a comprehensive, multi-year farm bill.