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Agricultural Products Will Become Highlight Of U.S. Exports
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Corn prices since [url=http://www.mquin.com/giuseppezanotti.php]giuseppe zanotti pas cher[/url] June's lows have prices 68%, while wheat prices nearly doubled, which greatly increased the U.S. agricultural [url=http://www.achbanker.com/home.php]www.achbanker.com/home.php[/url] export earnings, Barack Obama accidentally promoted to double exports by 2015 goals.
Significant increase in agricultural exports
USDA Chief Economist Joe Glauber noted that, as global grain exporter, the United States next year will exceed 2008 years of agricultural exports hit a record 115.3 billion U.S. dollars.
Barack Obama on January 27 this year, State of the Union pointed out that the job will depend on the United States to boost overseas sales of U.S. capacity. The White House pointed out that to achieve the goals set means that in 2015 exports to the U.S. must be 1.57 trillion U.S. dollars [url=http://www.gotprintsigns.com/monclerpascher/]moncler[/url] in 2009 increased to $ 3,140,000,000,000.
"Agriculture is the core of the export. To achieve the goal, the United States will depend on the agriculture." Peterson Institute for International Economics expert Howard Rosen said.
U.S. Department of Agriculture statistics indicate that in January to August this year, U.S. agricultural exports from 61 billion U.S. dollars last year to 69.8 billion U.S. dollars. Ministry of Agriculture is expected that China will become the United States in 2011, the second largest agricultural trading partner.
Agricultural machinery and fertilizer industry to benefit
Kansas City Federal Reserve Bank economist Jason Henderson noted that, while agriculture accounted for the proportion of the size of the U.S. economy is only 1%, but if the equipment, seed, grain processing and food manufacturing expenses and other sectors into account, the soaring prices of agricultural products produced by effects may be expanded tenfold.
U.S. analysts estimate the 2011 cereal prices will remain at the high price of wheat is expected to reach $ 7.28 / bushel and corn about $ 5.83 / bushel, the average price of more [url=http://www.sandvikfw.net/shopuk.php]hollister outlet sale[/url] than 10 years the high 98%.
Virginia economist Dennis Gartman, said: "This [url=http://www.1855sacramento.com/peuterey.php]peuterey[/url] will be the American farmer the best year for 25 years. Obviously the next big winner will be the [url=http://www.rtnagel.com/airjordan.php]nike air jordan pas cher[/url] fertilizer companies and agricultural equipment manufacturers. And easily overlooked by human is that small banks in central and western regions will also be big winners. "
U.S. Agriculture and the U.S. overall economic situation is in stark contrast to the situation: unemployment rate in the second quarter, 9.6%, annualized growth of only 1.7%. Obama's poor economic situation in order to support rate decreased, the upcoming November 2 election, Democratic mid-term is also facing huge pressures.
"For a long time, [url=http://www.mansmanifesto.fr]doudoune moncler[/url] farmers have been doing their very understanding, so they will invest most of the wealth increase to the new tractors, new equipment." Global theme of New York-based private equity fund manager of investment strategy for Agriculture Ralf Oberbannscheidt said.
Russia drought, floods, Canada, Kazakhstan and [url=http://www.davidhabchy.com]barbour sale[/url] the European crop production drought and water shortage are the reasons for soaring grain prices. Russia was the world's third largest wheat exporter, in August this year, however, banned export of Russian wheat. The world's largest barley exporter of Ukraine is also said to be October 12 to impose quotas on grain exports.
According to the American Association of Equipment Manufacturers 13 October data released in September this year, U.S. sales of more than four-wheel tractors increased by 21% [url=http://www.maximoupgrade.com/hot.php]hollister[/url] over the same period last year, sales of combines increased by 12%.
Difficult to benefit small businesses in rural areas
However, some experts point out that the prosperity of agricultural industries that can benefit not so much in the past. Creighton University economics professor Ernie Goss said that cereal prices have rocketed difficult to penetrate rural areas throughout the United States.
According to Correa University of Dayton in 10 states conducted the monthly survey of small banks, in September the third straight month the U.S. economy contracted in rural areas. Agriculture is "healthy growth", land and agricultural equipment sales [url=http://www.1855sacramento.com/moncler.php]moncler outlet[/url] on the rise. However, the profits of retailers and restaurants may be reduced, because they are difficult to shift the cost to consumers. Gauss said soaring grain prices and a weaker dollar contributed to the increase in agricultural exports, but no increase in domestic demand.
"The prosperity [url=http://www.mansmanifesto.fr]doudoune moncler homme[/url] of agriculture in the country not to give the economy enough to promote," Chicago Federal Reserve Bank economist David B. Oppedahl said, "has a strong agricultural base in [url=http://www.ilyav.com/uggpascher.php]ugg pas cher[/url] some areas, it can help the economy recover faster. "
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