Some Interesting Farm Export Facts
Jan 09, 2012
The Federal Reserve Bank of Kansas City puts on an Ag Symposium each year. It was held July 19-20, 2011, in Kansas City and here are some interesting farm export facts that I gleaned from reading their information, which is available online.
The share of U.S. crops that is exported each year:
- Wheat - 46%
- Corn - 15%
- Rice - 53%
- Soybeans - 47%
- Cotton - 81%
The U.S. share of total world crop exports:
- Wheat - 18%
- Corn - 53%
- Rice - 11%
- Soybeans - 39%
- Cotton - 35%
The share of livestock that is exported:
- Beef - 10%
- Pork - 22%
- Poultry - 17%
These percentages are based upon their estimates for 2011-2020.
There is more information that I will share over the next few weeks, but I thought this was informative. For example, only 15% of our corn crop is exported; however, this makes up about 53% of all corn exports throughout the world. Also, almost 40% of soybean exports come from the U.S., with most of the remainder coming from South America.