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U.S. Ag Exports Stay Strong

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For six years, U.S. Agriculture export have been good. At the end of fiscal year 2015, they were $139.7 billion. That's down a little from last year but still the third highest level of ag exports in history for the U.S.
Exports are becoming a bigger part of of the American farm income according to Administrator Phil Karsting with the USDA Foreign Agricultural Service, "Years and years ago, exports weren't as big a part of American farm income as they are right now. Now they represent on average 20 percent of U.S. farm income. Every other row of soybeans grown in this country is exported. One day worth of every weeks dairy production is exported. So it's important for us to have this data at our fingertips."
Karsting says keeping data like that is important looking foreword, "We need to know where our stuff is going, where there's opportunities for improvement and to try and look down the road and get ahead of the curve. You know, 95 percent of the worlds population lives outside of our borders. We've got a growing middle class in certain areas and there's going to be a lot of demand in the future. We're going to have 9.6 billion people on this planet by 2050. So, for us to have that kind of data that we can look at critically and think about where things are going is just immensely helpful."