Strong dollar dampens demand for U.S. farm exports

Longmire, James; Morey, Art

Strong dollar dampens demand for U.S. farm exports

1983

Longmire, James | Morey, Art

Extract: With the dollar's rise in value against other currencies in 1981-83, U.S. farm exports declined and Government stocks rose. Conversely, the 1970's boom in U.S. farm exports was partly fueled by the decline in the value of the U.S. dollar against foreign currencies. A model outlined here helps to assess the effect of changes in the dollar's value, adjusted for inflation, on U.S. exports of wheat, corn, and soybeans. The model estimates that a 20-percent rise in the inflation-adjusted value of the dollar over 2 years will cut U.S. exports of wheat, corn, and soybeans by 16 percent.

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AGROVOC Keywords

agricultural products exports international trade marketing

Bibliographic information

Published in

Foreign agricultural economic report

Publisher

U.S. Dept. of Agriculture, Economic Research Service

Other Subjects

Agricultural policy; Distribution and marketing of agricultural products; Agriculture and state; Grains; Foreign exchange; Governmental programs and projects; United states; Export sales contracts

Language

English

Note

Jim Longmire, Art Morey.

Includes bibliographical references (pages 23-25).

Type

Monograph; Book; Text; Report; Bibliography; Book; Monograph

Corporate Author

United States. Department of Agriculture. Economic Research Service.

In AGRIS since: 2024-02-27

Format: MODS

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Strong dollar dampens demand for U.S. farm exports

1983

AGROVOC Keywords

Bibliographic information