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Nonbulk Agricultural Exports Support More Business Activity Than Bulk Exports

Nonbulk agricultural exports (processed or high-value) have a larger proportional effect on the U.S. nonfarm economy than bulk exports (defined as soybeans and other oilseeds, wheat, rice, corn and other feed grains, tobacco, and cotton). In 2013, nonbulk exports of $96.9 billion stimulated an additional $137.7 billion of business activity (i.e., each dollar of non-bulk exports generated $1.42 of additional output).

Bulk exports valued at $47.5 billion produced an additional $38.3 billion of business activity (i.e., each dollar of bulk exports generated $0.81 of additional output). In contrast to bulk exports, nonbulk exports of higher value or more processed products led to proportionally more additional business activity in the food processing, other manufacturing, and services, trade, and transport sectors. Of the 1.09 million jobs associated with U.S. agricultural exports in 2013, 768,300 (70 percent) supported nonbulk exports.

Source:usda.gov


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Spring Planting Prep Just Got Serious… We NEED This!

Video: Spring Planting Prep Just Got Serious… We NEED This!

Getting closer to planting season means one thing… it’s time to get EVERYTHING ready.

Today didn’t go exactly as planned—we thought we’d be hauling potatoes again, but instead we spent the day digging equipment out of the cellar, hooking up the grain drill, and getting tractors ready to roll. With wheat planting just around the corner, every piece of equipment matters.

Of course, it wouldn’t be a normal day without a few problems… dead batteries, hydraulic issues, and a truck tire that absolutely refused to cooperate. We tried everything—jump packs, bead bazooka, ratchet straps… and eventually had to bring out the “big guns” just to get things moving again.

But that’s farm life—adapt, fix, and keep moving forward.

We’re getting close to go-time. Wheat seed is coming soon, and planting season is right around the corner