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Trade

USDA Expert Helps Shape Global Agricultural Outlook Report

Each year, agricultural experts from around the world gather in Paris to crunch numbers, analyze trends, and produce a 10-year global agriculture outlook report. I was among those analysts, and today, we unveiled our collective efforts in the OECD-FAO Agricultural Outlook 2018-2027.

AMS Sets the Gold Standard for Cotton

Despite its relatively small size and location in Memphis, Tennessee, the Agricultural Marketing Service, Standardization & Engineering Division (S&E) within the USDA Cotton & Tobacco Program (C&T) plays a giant role in both the U.S. and international cotton marketing systems.

Exporting Used Textiles Helps Global and Local Economies

Donating used clothing to charities obviously helps clothe and employ fellow Americans, but other benefits fly below the radar: exporting worn textiles provides income to low- and middle-income foreign countries, and also helps the environment. That win-win-win situation gives new meaning to the phrase, “giving the shirt off your back.”

NASS Surveys Provide U.S. Agricultural Supply Data for Trade

With May being World Trade Month, it is worth noting that the source of data to determine the U.S. supply of crops and livestock is America’s farmers and ranchers who fill out surveys from USDA’s National Agricultural Statistics Service (NASS). These statistics feed directly into the monthly World Supply and Demand Estimates report (WASDE), which shows how much food, feed, fuel, and fiber are available or expected to be available around the world throughout the year. These data are available free of charge to anyone who wants them and are widely regarded as the gold standard.

Regionalization Plays a Key Role in Facilitating U.S. Agricultural Trade

It’s World Trade Month and a good time to consider a few of the ways that USDA helps advance trade. USDA’s Animal and Plant Health Inspection Service (APHIS) plays a vital role in the free flow of agricultural trade by keeping U.S. agriculture free from pests and diseases and certifying that millions of U.S. agricultural and food products shipped to markets abroad meet the importing countries' entry requirements. Likewise, APHIS works to ensure all imported agricultural products shipped to the United States meet our requirements to prevent pests and diseases from harming U.S. agriculture. Last year the United States exported over $138 billion of agricultural products and imported over $120 billion.

The WASDE Report, aka Crop Report

The World Agricultural Supply and Demand Estimates (WASDE) is a monthly report providing a global look at the markets for key agricultural products. The many users include agricultural commodity traders, agricultural producers, processors, retailers and consumers, input suppliers, livestock and dairy feeders, and researchers interested in global agricultural markets. The market uses the WASDE report as a common understanding of current conditions under which many take actions to position themselves or make future plans based on the current global supply and demand situation.

Exploring Global Agricultural Trade Information from USDA’s Economic Research Service

Did you know that the United States is the world’s second largest agricultural exporter after the European Union? Agricultural trade supports American jobs and spurs non-farm economic activity. In 2016, U.S. agricultural exports required over one million full-time civilian jobs, including 764,000 jobs in the nonfarm sector. Each dollar of U.S. agricultural exports supported an additional $1.28 in farm and non-farm business activity. Moreover, U.S. agricultural trade surplus has historically helped to offset some of the trade deficit in non-agricultural sectors.

Fair Trade and the World Trade Organization

May is World Trade Month, a time to recognize and echo the importance of global trade, particularly fair trade. As we kickoff World Trade Month here at USDA, it’s important to acknowledge that trade is on our minds not only during May but every single day of the year. Our work supporting fair trade is a 24-hour job as few industries depend more upon – and benefit more from – trade than American agriculture.

CAFTA-DR: A Trade Partnership that Works

Under Secretary for Trade and Foreign Agricultural Affairs Ted McKinney is leading a USDA trade mission to Central America this week, making it a good time to review where we stand as far as CAFTA-DR, the United States’ free trade agreement with five Central America countries and the Dominican Republic. It’s been just over 10 years since we started cutting agricultural tariffs on both sides, and the deal has delivered exactly as trade agreements are supposed to. Going forward, a deal that has been a solid positive for U.S. agriculture has the potential to get even better as further market openings create more opportunities for U.S. exports.

USDA Agencies Collaborate to Produce Trusted and Reliable Commodity Market Information

Since its inception nearly 100 years ago, USDA’s Agricultural Outlook Forum has provided analysis of the farm economy, including the short- and long-term outlook for agricultural commodity markets. Producing credible and reliable information about supply and demand conditions for all the major crop and livestock markets, along with the implications for prices, production and trade, is a year-round process that relies on expertise from dozens of highly-trained analysts spread across several USDA agencies, including USDA’s Economic Research Service (ERS).