Agricultural exports are important both to the U.S. farm economy and the nonfarm economy. Grains, oilseeds, and oilseed products represent over two-thirds of the value of U.S. agricultural exports. The United States has the abundant land resources and the technology to compete effectively, in the growing global market for these commodities. Growth in U.S. agricultural exports will depend upon U.S. domestic policies: macroeconomic policy, trade policy, and farm policy. A major policy conflict exists between supporting domestic grain prices and expanding exports.
