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Global Macroeconomic Developments Drive Downturn in U.S. Agricultural Exports

  • by Bryce Cooke, Getachew Nigatu, Kari E.R. Heerman, Maurice Landes and Ralph Seeley
  • 7/12/2016
  • AES-94

Overview

The macroeconomic outlook underlying the 2016 USDA ten-year agricultural projections indicates slower global income growth, particularly in developing countries, and a stronger dollar. This shift in the macroeconomic environment relative to the past decade implies smaller projected increases in agricultural trade and declines in U.S. market share relative to previous projections.

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  • Global Macroeconomic Developments Drive Downturn in U.S. Agricultural Exports

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