February 16, 2012

US posts 2011 record agricultural exports

In 2011, the agricultural farm exports of the US increased by US$20.5 billion to a record US$136.3 billion, according to the USDA.

US Agriculture Secretary Tom Vilsack has made the following statement regarding data showing US farm exports that reached a record US$136.3 billion in calendar year 2011: "The data released by USDA represents a record-breaking calendar year for farm exports, demonstrating - once again - that American agriculture remains a bright spot in our nation's economy.

We saw a rise in both the value and volume of US agricultural exports worldwide in 2011, as international sales rose US$20.5 billion over the previous record set in calendar year 2010. Total agricultural exports for calendar year 2011 were a robust US$136.3 billion.

"These figures indicate how demand for the American brand of agriculture continues to soar worldwide, supporting good jobs for Americans across a variety of industries such as transportation, renewable energy, manufacturing, food services, and on-farm employment. During the past three years, the US farm sector has continued to support and create jobs on a consistent basis, strengthening an American economy that's built to last. Every US$1 billion in agricultural exports supports 8,400 American jobs, meaning that US farm exports helped support more than one million US jobs in 2011.

"And that gets to the innovation of our American farmers, ranchers and growers. American agriculture continues to apply the latest in technology and achieve a nearly unparalleled level of productivity. In fact, US agriculture is the second-most productive sector of our economy in the past few decades outside of information technology.

"Exports of almost all major US commodities rose in calendar year 201l, helping us to reach President Obama's goal of doubling all US exports by the end of 2014. Grains were the biggest contributor to the overall record, reaching an all-time high of US$37.7 billion, a US$9.2 billion increase over 2010. Cotton experienced the biggest year-to-year increase, up 44% from 2010, reaching a record US$8.5 billion. Dairy and pork exports also set records in 2011, reaching US$4.8 billion and US$6 billion respectively.

"Another success story is US beef exports. Last year, the United States exported an all-time high of US$5.4 billion worth of beef and beef products, surpassing the previous record by more than US$1.6 billion. The volume of shipments also surpassed the 2003 levels, the last year before a detection of bovine spongiform encephalopathy (BSE) in Washington State disrupted US trade. The return to pre-2003 levels marks an important milestone in USDA's steadfast efforts to open and expand international markets. Despite this progress, restrictions continue to constrain exports to many of our key markets and we remain fully committed to breaking down those trade barriers.