Agricultural Exports Expected to Hit a Record High

Agricultural exports are expected to reach a record high in fiscal year 2014, according to the U.S. Department of Agriculture. Based on the Outlook for U.S. Agricultural Trade report, exports are expected to reach $149.5 billion, an estimated $6.9 billion higher than previous estimates. In a statement, Agriculture Secretary Tom Vilsack said “This report indicates that the volume of U.S. agricultural exports has increased, which demonstrates an increasing global appetite for high-quality, American-grown products. USDA will continue to focus on its efforts on tapping into new markets for what is grown and made in rural America.” Read the report or view Vilsack’s statement.