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USDA: Agricultural exports set to reach second-highest total in history

Saturday, May 29, 2010

U.S. agricultural exports may hit the second-highest level in history.
U.S. agricultural exports may hit the second-highest level in history.

According to a release from the U.S. Department of Agriculture, exports of farm and ranch goods are set to hit their second-highest level in the country's history.

In all, those who use farm equipment to make a living stand to reach $104.5 billion in export sales in 2010, up $8 billion when compared to 2009. Agricultural trade surplus is expected to reach $28 billion, which would also be the second-highest level ever seen.

Agriculture Secretary Tom Vilsack said the forecast is a good sign for nation's people and economy.

"With each $1 billion in exports supporting 8,000 to 9,000 jobs at home, efforts to increase trade are an important part of the administration's effort to strengthen our economy here at home," Vilsack said.

The Obama administration has made improving U.S. exports one of its major goals, with the president saying he wants to double the country's output within the next five years.

In trying to aid that mission, Vilsack recently made a trip to Japan to meet with that country's representatives about improving U.S. agricultural exports.ADNFCR-2034-ID-19809007-ADNFCR

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