How De-Globalization, a Strong Dollar, and Consumers Factor into American Agricultural Trade
The United States’ Agricultural projected 2024 trade imbalance isn’t due to a lack of sales. In fact, American Ag is on track to sell more corn, soy, pork, and other farm products than ever before. The imbalance — meaning we’re buying more dollars worth of Agricultural goods than we’re selling — is due to deglobalizaion, a strong dollar, and consumers’ appetite for pricey imported food items. Roland Fumasi with Rabobank’s RaboResearch Food & Agribusiness joins Damian for numbers and perspective on trade as it affects American farming, and our marketplace.
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