Saturday, November 19, 2011

AG EXPORTS BOOM - U.S. ECONOMY STRUGGLES

As you read this think about the number.

According to the Economic Collapse every day the U.S. national debt is increasing by roughly $4 billion every single day. And as shown below our total Ag export is $137 billion for the year.

(AP/Google.com) -- The AP reports that "U.S. agricultural exports are projected to reach a record $137 billion this year and hit that same mark next year. The U.S. agricultural trade surplus is expected to top $42 billion." Ag makes up close to 10% "of U.S. exports, compared with about 80% for manufacturing. But Commerce Department data show farm exports grew much faster than manufacturing exports during the past decade -- by 123% compared to 68%." According to the AP, "high prices for farm products explains much of the increase in value for agriculture exports; the same products shipped overseas are worth much more today than they were 10 years ago."