NEW YORK (Commodity new world): US is likely to increase the farm exports tie up with major importers especially with Asian nations to preserve this year’s record profit and exports.
Tom Vilsack, agriculture secretary, will lead a trade mission to China at the end of March to strengthen the trade tie ups.
China has become one of the major trade partner of US as the country purchased $20 billion worth US agricultural exports.
According to USDA, Farmer net income will reach $91.7 billion this year.
Meanwhile, increase in agriculture production is needed to meet world food needs, with the global population expected to increase by more than 2 billion by 2050.
