The U.S. competitive position in world commodity trade
1985
Extract: The decline in U.S. agricultural exports and the U.S. share of world markets since the late seventies, as well as the adjustments presently occurring in U.S. agriculture--lower incomes and lower land values--are not due to the United States becoming a high-cost producer. Rather, they are due to a decline in relative prices of agricultural commodities caused by U.S. and foreign agricultural policies, a rising dollar, the global recession, and debt problems in some importing countries. U.S. farmers remain low-cost producers.
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