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Thursday
Feb242011

Sec. Agriculture Vilsack Anticipates Big Export Year

Photo Courtesy - Getty Images(WASHINGTON D.C.) -- U.S. Secretary of Agriculture Tom Vilsack released an optimistic quarterly forecast of U.S. agricultural exports Thursday.

Vilsack said that 2011 is expected to be the biggest year in U.S. agriculture exports ever, and will probably surpass 2008's exports by $20 billion. He added that the trade surplus should reach $47.5 billion: $1.5 billion more than the 2008.

Vilsack's statement concluded with a positive comment about the U.S. economy:

"Today's numbers are more good news not just for farmers and ranchers and the businesses and communities that support them, but for our nation's economy as a whole. Every $1 billion in agricultural exports generates an additional $1.4 billion in economic activity and supports 8,000 jobs."

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