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Foreign Agricultural Trade of the United States May/June

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  • Unknown

Abstract

Increased world agricultural production and lower prices helped depress U.S. agricultural exports for the first 7 months of fiscal year (FY) 1985(October 1984-Apri1 1985). Increased consumer demand, freeze damage to F10rida f s winter fruit and vegetable crops, and higher prices pushed U.S. farm product imports to $11.8 billion during the first 7 months, a 7-percent gain over year-earlier leve1s. The U.S. dollar fe11 sharp1y during March and April against the five major foreign currencies most important in agricultural trade. U.S. agricultural exports assisted by Commodity Credit Corporation programs tota1ed over $3.6 billion during FY 1984, down 10 percent from FY 1983's record-high of nearly $4.1 billion. Increased U. S., grain exports pushed U.S. agricultural exports to the USSR to over $2.8 billion in calendar year 1984.

Suggested Citation

  • Unknown, 1985. "Foreign Agricultural Trade of the United States May/June," Foreign Agricultural Trade of the United States (FATUS) 153807, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uersft:153807
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