August 27, 2009
USDA ERS Report on Global Economic Crisis and Agricultural Trade
From the USDA Economic Research Service:
Abstract: The global economic crisis that started in late 2008 has led to a sharp curtailment of international trade, including a short-term decline in the value of global agricultural trade of around 20 percent. While not uniform across commodities and regions, the trade impact appears to be stronger on crops than on livestock. Global agricultural trade after slowing will continue to grow in the future. Economic growth prospects of emerging and developing countries will be important in determining composition of trade toward increased high-value products. The crisis is leading to a realignment of exchange rates, and the ultimate resolution of the crisis will depend on adjustments in the exchange value of the U.S. dollar. The U.S. agricultural sector would benefi t from a depreciating dollar, which results in high export earnings, high agricultural commodity prices, increased production, and increased farm income.
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wow! almost all included on law...
Posted by: watzabatza | Aug 30, 2009 6:34:50 AM