From Bloomberg
The US, known for being a global agriculture powerhouse, has never imported so much food.
Inbound shipments of everything from avocados to coffee and sugar are expected to drive the country’s agriculture trade deficit to a record $49 billion this year, the US Department of Agriculture said in its trade outlook report. At the same time, America’s most widely grown crops have been losing overseas markets over the past decades.
It’s a stark turnaround for a nation that once used its abundant food supplies as a tool of statecraft, with the US now facing a future of persistent agricultural trade deficits.
When participating in the comments section, please be considerate and respectful to others. Share your insights and opinions thoughtfully, avoiding personal attacks or offensive language. Strive to provide accurate and reliable information by double-checking facts before posting. Constructive discussions help everyone learn and make better decisions. Thank you for contributing positively to our community!
#globalagriculturpowerhouse #agriculturetradedeficit