The Economic Perspective: “Agricultural Exports”

Mary:  This is Mary Walden with economist MW, welcoming you to the economic perspective.  Today’s program looks at agricultural exports. Mike, farmers have had a tough time in recent years.   First there was the trade war with China that initially reduced sales of U.S. farmers to that country.  Then there were supply disruptions created by Covid-19.  Are these troubles continuing, or are there some bright spots for farmers?

 

Mike: Summary Answer

  • Yes, conditions have improved
  • Exports of meats like hogs and grains like corn to China significantly risen
  • Prices are also better compared to last year
  • China needs to buy agricultural products
  • Big question for a Biden Adm is how they will conduct trade negotiations with China
  • I’m MW

 

Mary:  And I’m Mary Walden for the Economic Perspective, an NC State Extension program from the Department of Agricultural and Resource Economics.