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Agricultural Exports Have Become Increasingly Important To The Bottom Line Of Farmers

Tuesday, February 13, 2018 4:33
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from the Chicago Fed

– this post authored by David B. Oppedahl

According to data from the U.S. Census Bureau, 8.9% of U.S. exports in 2016 were food and agricultural products, with 12.7% of those exports coming from the five states of the Seventh Federal Reserve District. Clearly, many farms and food manufacturers across the Midwest and elsewhere in the country have benefited from global trade; its benefits have also extended to Main Street businesses, such as grocery stores and restaurants, given that agricultural imports have tended to boost their sales.

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