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The Agricultural Situation in the Western Hemisphere: Review of 1972 and Outlook for 1973

Author

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  • Developing Countries Branch, Foreign Demand and Competition Division, Economic Research Service

Abstract

Canada's 1972 agricultural production fell below the previous year's record, because of cutbacks in grain acreage. Per capita food production in Latin America dropped 5 percent due to unusually bad weather. Higher world prices contributed to a rise in Hemisphere earnings from agricultural exports; and imports were increased to fill larger deficits in food production. U.S. agricultural exports to Hemisphere countries increased from the 1971 record of $1.38 billion to $1.59 billion in 1972; and a further rise is anticipated in 1973.

Suggested Citation

  • Developing Countries Branch, Foreign Demand and Competition Division, Economic Research Service, 1973. "The Agricultural Situation in the Western Hemisphere: Review of 1972 and Outlook for 1973," Miscellaneous Publications 316544, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uersmp:316544
    DOI: 10.22004/ag.econ.316544
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