Trade Agreements A Good Deal For U.S. Feed Grains

Trade equals huge success for exports of U.S. feed grains in all forms, particularly to the 20 countries with which the United States has a free trade agreement (FTA). 

Exports of feed grains in all forms to FTA partner countries have increased by nearly 24 percent over the last 10 marketing years (2006/2007 to 2015/2016), according to U.S. Department of Agriculture (USDA) trade data and analysis by the U.S. Grains Council (USGC). 

South American Trade School Helps Build Demand For U.S. Grains

Strong educational programming is a critical element of the U.S. Grains Council (USGC) strategy to build global demand for U.S. corn, sorghum, barley and value-added products. As part of that effort, USGC recently offered trade schools in three cities across Colombia to provide a farmer-to-final product perspective on U.S. grains. 

More than 120 attendees took part in the seminars, gaining insights from farmers, traders and USGC staff on topics including hedging, international freights and consolidation of purchasing pools. 

Free Trade, Relationships Key To Market Competitiveness In South Korea

Recent events in foreign policy and the ongoing conversation about the value of U.S. trade agreements have put a spotlight on South Korea as a close U.S. ally and an important customer for U.S. products, including grains. 

South Korea is now the fifth largest market for U.S. agricultural exports, totaling $6.2 billion in purchases in 2016. The country was the fourth largest importer of both U.S. corn and distiller's dried grains with solubles (DDGS) as well as the seventh largest importer of U.S. barley in the 2015/2016 marketing year. 

Three Years Later, U.S.-Korea FTA Shows Importance of Strong Trade Policy

The U.S.-Korea free trade agreement (FTA), often called KORUS, entered force on March 15, 2012, giving the United States more open access to Korea’s $1 trillion economy and 49 million consumers. Three short years later, this FTA is being heralded as a success by the agriculture industry and the Office of the U.S. Trade Representative (USTR), with U.S. agricultural exports to Korea growing 31.2 percent last year - seven times faster than average agriculture export growth with the rest of the world. 

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