NCGA: Trade Agreements a Good Deal for U.S. Feed Grains
USAgNet - 06/13/2017
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. Exports of feed grains in all forms to FTA partner countries have increased by nearly 24 percent over
the last 10 marketing years, according to USDA trade data and analysis by the U.S. Grains Council.
Last marketing year, exports of feed grains in all forms to FTA partners saw a record high of more than 49.6 million tons.
The preferential trade terms included in the 14 FTAs the United States has in place with 20 international markets have helped lead to these significant increases during their tenure.
FTA partners now represent 49 percent of total U.S. exports of feed grains in all forms. In terms of quantity, the spread between exports to FTA partners compared to non-FTA partners has shifted dramatically from a negative 2.8 million metric tons in
2006/2007 to a positive 12.7 million tons in 2015/2016. This comparison excludes China, which has a growing role in the global marketplace that has significantly shifted throughout this time. China has increased its share of U.S. feed grain in all forms of exports
from 2 percent to 14 percent during the past 10 marketing years.
After eight months of the 2016/2017 marketing year, this upward trend continues with exports of feed grains in all forms to U.S. FTA partners up 27 percent compared to the same time last marketing year.