The U.S. ag trade deficit has widened to $32 billion and a University of Missouri Extension Specialist in Ag Business and Policy says there are many factors at play.
Ben Brown says when there’s a trade deficit it’s easy to think U.S. agriculture isn’t being competitive globally, but “I’m not sure trade deficits signal the end of exports are coming for U.S. ag products. It just means we’re importing more than we’re exporting.”
Brown says consumer preferences and economic strength are two important factors and right now, the U.S.
