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Abstract

U.S. agricultural exports slipped 14 percent to $25.6 billion during the first 9 months of fiscal year (FY) 1985 (October 1984-June 1985). Rising U.S. consumer demand and a strong dollar spurred U.S. agricultural. imports 8 percent over year-earlier levels to $15.1 billion. The U.S. dollar advanced against all five currencies most important to U.S. agricultural trade in May, immediately followed by declines in June. Agricultural exports under U.s. Government-financed programs totaled $1.5 billion in calendar year 1984, 13 percent over those of 1983. China became a net agricultural exporter in 1983 and 1984 rather than a net importer.

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