If you’ve watched the news recently, then you’ve probably heard President Trump discuss trade deals such as the Trans-Pacific Partnership (TPP) or North American Free Trade Agreement (NAFTA). While we aren’t going to get into the details of either trade deal, we do want to emphasize the importance of agricultural exports to our economic success as a nation and here at home in North Carolina.
Agricultural Exports in the U.S.
To keep it short and sweet, the graphic below demonstrates the importance of agricultural exports to the U.S. economy and lays out several good reasons why there is a great need for a trade deal that works for agriculture. Two key points to pay careful attention to:
- The $129.7 billion in total value of U.S. agricultural exports actually surpassed USDA’s forecast
- The $1 Trillion in total value of U.S. agricultural exports since 2009 is the strongest period for U.S. ag exports in history