International Trade Has Been Major Source for Strengthening Prices

Lee Schulz and Chad Hart

Center for Agricultural and Rural Development (CARD) Publications from Center for Agricultural and Rural Development (CARD) at Iowa State University

Abstract: Over the past few months, crop and livestock prices have worked their way higher despite record production across the board. Those large supplies have been met by strong demand for agricultural products. International demand has increased significantly and that has allowed prices to rise. Recent policy discussions, such as the potential for the US to impose import taxes, have heightened concerns that export demand may retreat. However, currently, the international marketplace is providing a surge of support to the US farm economy. Protein demand globally seems to be driving export growth for both livestock (direct meat demand) and crops (feed grain demand to raise more livestock and meat). All export data shown is as of Feb. 4, 2017.

Date: 2017-04
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Persistent link: https://EconPapers.repec.org/RePEc:ias:cpaper:apr-winter-2017-3

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