After being battered for two years by low prices, sagging exports and a strong U.S. dollar, agriculture is poised for a turnaround. Commodity prices are beginning to rise modestly, and markets in Asia, Canada, and Mexico are likely to become stronger. Keith Collins, chief economist of the U.S. Agriculture Dept., says a strengthening world economy gets most of the credit for the improving outlook for U.S. agriculture. He says growth in the global economy should boost farm exports to $51.5 billion this year, from $49 billion two years ago.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.