America the beautiful is, by any measure, God’s gift to agriculture. From sea to shining sea, there is no geography anywhere in the entire world that can match the United States for the pure potential to grow food.
Yet in spite of this potential, the United States appears to be in the midst of an epic collapse in its food trade balance.
Last year, the United States sold $25.7 billion more food than it bought. This year, the surplus is expected to decline 62% to only $9.7 billion. This collapse is occuring in spite of all the trade agreements the nation has signed to give its agriculture free access to foreign markets.
This collapse leads us to ask...
Why is a nation so rich in potential losing its ability to compete?
What will this collapse in the balance of its food trade mean to the nation’s economy? And....
What can be done to regain the nation’s food trade mojo?
Food Chain Radio & Forums #1,064 (Tags: Michael Stumo, Coalition for a Prosperous America, balance of food trade, ag trade surplus, trade agreements, free trade, fair trade, balanced trade)