U.S. ag exports could hit $173.5 billion yet this year, topping 2020 by $4 billion according to the latest ag export forecast. Due to growth in dairy and poultry exports, USDA estimates 2022 could top more than $177 billion. While the U.S. will also buy more foreign ag products, the ag trade surplus is expected to keep growing. The positive market signals encourage U.S. farmers and ranchers to enhance and expand production. Read more on USDA export estimates and growing foreign demand.
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