WASHINGTON, D.C. (NAFB) – Record Ag export numbers from USDA reflect a surge in commodity prices and a gradual recovery from the pandemic…but it’s no reason to be complacent, according to one trade expert.
That’s USDA Chief Economist Seth Meyer.
American Farm Bureau trade adviser Dave Salmonsen says economic recovery from the pandemic and a key trade market, poised to be number one again, are driving the records numbers.
And combined with recent record prices, Salmonsen says higher volumes mean record export figures.
But he agrees none of that is a reason for the U.S. to be complacent—a concern of some lawmakers and lobbyists, as the administration argues for more time to review pending talks.
While advancing new deals with the UK, EU, Kenya and others, that could bolster strong trade numbers, even when prices soften again.