News & Events
Panama City, Panama - Members of the U.S. Grains Council's Advisory Teams met this week at the organization's 14th International Marketing Conference and 57th Annual Membership Meeting in Panama City, Panama, to set direction and priorities for the Council's global activities.
Panama City, Panama - More than 350 attendees had a firsthand look at the new Panama Canal expansion on Monday to kick off events at the U.S. Grains Council 14th International Marketing Conference & 57th Annual Membership Meeting in Panama City, Panama.
The tour of the Agua Clara locks in Colon, Panama, was a unique opportunity to see trade in action, and an important reminder of the dynamic global trade environment for those who last visited the Canal shortly after construction on the new locks began.
By the Numbers
• $1.5 trillion: Increase in real incomes due to liberalizing trade efforts since World War II (Peterson Economics)
• $82 billion: Annual economic output in 2014 due to exports of feed grains and grain products (Informa Economics)
• 371,536: Number of full-time equivalent jobs linked directly or indirectly to grain and grain product exports in 2014 (Informa Economics)
Farmer and staff representatives of the U.S. Grains Council (USGC) recently traveled to Taiwan to support the organization's local office in presenting the results of the 2016/2017 Corn Harvest Report to customers in this important U.S. corn market.
Clover Chang, director of the USGC Taiwan office, hosted a conference for corn buyers from across Taiwan as a part of a series of rollout events scheduled by the Council to present the new quality report information.
U.S. feed grains saw a near-record level of exports in the 2015/2016 marketing year - a story that's critical to tell in farm country and easier to communicate with a new set of infographics available from the U.S. Grains Council (USGC).
In the last corn marketing year, which ran from September 2015 to August 2016, the top overseas customers of U.S. corn were Mexico, Japan, Colombia, South Korea and Peru, respectively. In the previous marketing year, Japan was the top U.S. corn destination, with Mexico ranking second.
Newly-inaugurated President Donald Trump has already followed through with key campaign promises related to trade policy - moves that have rightfully caused concern among grain farmers whose price is being supported by robust export sales of this year.
Exports of U.S. feed grains have a promising outlook after the completion of the first quarter of the 2016/2017 marketing year, according to recently published U.S. Department of Agriculture (USDA) trade data.
Total exports of feed grains in all forms in September, October and November 2016 reached 27.9 million metric tons (1.1 billion bushels), up 32 percent from the same quarter last year.
With a record crop year in the books, U.S. farmers are now turning their sights to the 2017 planting season. And while there are still many unknowns - weather, crop yields, market fluctuations and a new political environment - one thing is certain: strong trade policies and dedicated market development will be critical to their success.
The numbers are in and this fall's Export Exchange, hosted by the U.S. Grains Council (USGC) and the Renewable Fuels Association (RFA), is already paying dividends - to the tune of nearly a half billion dollars' worth of grain and ethanol co-product sales.
In total, attendees of this biennial networking event reported sales of approximately 2.6 million metric tons of grains and co-products worth $460 million either at the conference or immediately before or after it.
Growing and maintaining export markets is essential for U.S. farmers and ranchers, especially at a time of low commodity prices and abundant supply. USDA's Market Access Program (MAP) and Foreign Market Development (FMD) program play a critical role in this effort and offer both farmers and taxpayers an excellent return on investment, according to a new study that looked at program impact over the past four decades.