U.S. agriculture exports have been increasing over the past 25 years, topping at $196 billion in 2022. That’s up from $63 billion in 1997. At the same time, the U.S. is importing more farm products than it exports. The Red River Farm Network asked Chief Agricultural Negotiator Doug McKalip about the trade deficit and he pointed to the value of the U.S. dollar. “Our economy has boomed and we came out of the pandemic strong and we have a lot of trading partners that haven’t,” said McKalip. “China’s economic woes have been deep; they’re a #1 import destination for our products so some of those things that need to be worked out.”
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