Helping U.S. Farmers Sell More Overseas


 

Publication Date: February 1985

Publisher: Heritage Foundation (Washington, D.C.)

Author(s): Thomas Grennes

Research Area: Agriculture, forestry and fishing; Trade

Keywords: Agriculture

Type: Report

Abstract:

Given its overall 1984 trade deficit of $123 billion, the U.S. pays little attention to what is probably its most profitable export: agricultural products. Last year alone,. the U.S. exported $38.0 billion in farm goods and imported only $18.9 billion. Ironically, while multilateral negotiations have reduced tariffs on manufactured products in recent years, they have done little to liberalize agricultural trade. As the world's largest exporter of agricultural products, the U.S. would benefit greatly from freer trade--as would U.S. farmers.