USGC: U.S. Farmers Likely to Maintain Market Share PDF Print E-mail
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Contact Mike Deering and Marri Carrow at (202) 789-0789   
Monday, 09 February 2009 00:00

GUATEMALA CITY, GUATEMALA, February 8, 2009 -- "U.S. grain producers have a stake in the global marketplace and that role has become more important than it ever has before," said U.S. Grains Council Special Assistant for Planning, Evaluation and Projects Erick Erickson at the Council's 6th International Marketing Conference and 49th Annual Membership Meeting in Guatemala City, Guatemala. "There are a lot of uncertainties of what 2009 will bring for U.S. commodities, world economic growth, oil prices and finical turnaround. The downturn in total world trade and increase in exportable supplies in countries like Russia, the United Kingdom and the European Union will provide a tough year for U.S. coarse grains exports. However, the fundamentals for U.S. farmers to sustain their market share and continue to meet global demand are in tact."

Total world coarse grain production is expected to increase by 2.4 percent in 2009 as well as total world feed use, according to projection numbers from USDA's Foreign Agricultural Service. U.S. farmers are the leading supplier of coarse grains, providing more than 60 percent of the world's corn and sorghum. Crops in Argentina and Brazil were hurt significantly by drought and their production numbers continue to decline. This will help mitigate the lowered projection of U.S. exports as lower commodity prices will stimulate demand.

"U.S. ethanol production provided a tremendous boost in corn demand over the last five years. Although some questioned whether or not ethanol production would limit the availability of U.S. corn, U.S. farmers have proven they can provide enough corn for feed, food and fuel," he said. "The United States will continue to be the major supplier of coarse grains for the world. The Council will continue to explore market opportunities for U.S. coarse grains and work vigorously to increase profitability for U.S. growers."

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The U.S. Grains Council is a private, non-profit partnership of farmers and agribusinesses committed to building and expanding international markets for U.S. barley, corn, grain sorghum and their products. The Council is headquartered in Washington, D.C., and has nine international offices that oversee programs in more than 50 countries. Financial support from our private industry members, including state check-offs, agribusinesses, state entities and others triggers federal matching funds from the USDA resulting in a combined program value of more than $26 million

The U.S. Grains Council does not discriminate on the basis of race, color, national origin, sex, religion, age, disability, political beliefs, sexual orientation or marital/family status. Persons with disabilities, who require alternative means for communication of program information, should contact the U.S. Grains Council.

 
20 F Street NW, Suite 600, Washington, DC 20001      Phone: 202-789-0789      Fax: 202-898-0522
 

The U.S. Grains Council is a private, non-profit organization dedicated to building export markets for barley, corn, sorghum and their products. The Council is headquartered in Washington, D.C., and has 10 international offices and active market development programs in more than 50 countries. Financial support from the Council’s private industry members, including state checkoffs, agribusinesses, state entities and others, triggers federal matching funds from the government and support from cooperating groups in other countries, producing an annual market development program valued at more than $28.3 million.

The U.S. Grains Council does not discriminate on the basis of race, color, national origin, sex, religion, age, disability, political beliefs, sexual orientation or marital/family status. Persons with disabilities, who require alternative means for communication of program information, should contact the U.S. Grains Council. The U.S. Grains Council is an Equal Opportunity Employer. For more information on Section 508, please go to the following website: http://www.ocio.usda.gov/508/index.html