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1960 Government Program Shipments Total 30 Percent of Agricultural Exports

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  • Trade Statistics and Analysis Branch, Development and Trade Analysis Division, Economic Research Service

Abstract

Excerpts from the report: Despite declining world prices of agricultural commodities, U.S. agricultural exports in calendar year 1960 totaled a record $4,824 million -- 22 percent above the $3,955 million in 1959 and about 7 percent above the 1957 record. Export volume also reached a new high in 1960 -- 26 percent above 1959 and 17 percent larger than 1957 's record. Both foreign and domestic factors contributed to the peak level of agricultural exports in 1960. Abroad, the economic activity of the industrialized countries continued to advance at the rapid pace of recent years and the gold and dollar holdings of many industrially developed countries were at record levels. Domestically, plentiful supplies of high-quality farm products were available for export. The payment-in-kind program assisted U. S. cotton, wheat, rice, and feed grains to compete successfully in a number of world markets. For the newly developing countries which were short of dollars, the United States continued to make farm products available under Government-financed programs, primarily Public Law 480.

Suggested Citation

  • Trade Statistics and Analysis Branch, Development and Trade Analysis Division, Economic Research Service, 1962. "1960 Government Program Shipments Total 30 Percent of Agricultural Exports," Miscellaneous Publications 319319, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uersmp:319319
    DOI: 10.22004/ag.econ.319319
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